TSMC's new chairman has hailed hailed OpenAI CEO Sam Altman's $7-trillion plan to create new fabrication plants for artificial intelligence as "too aggressive for me to believe"

TSMC is currently prohibited from producing advanced processors for China, as it uses American chipmaking tools, and hence falls under the purview of recent sanctions

Taiwanese group hails sector's prospects after chip designer Nvidia's upbeat earnings forecast lifts tech stocks, amid a wave of optimism over AI

The United States buys 92% of its high-end edge chips from TSMC, which is a major supplier to Apple and Nvidia

The server chip will likely focus on running AI models, also known as inference, rather than in training AI models, where Nvidia is dominant

The island has now been hit by more than 1,000 aftershocks following the deadly April 3 earthquake

Taiwan chip giant says it's been lifted by huge demand for advanced chips for AI and data centres, forecasts a big lift in second-quarter sales

Revenue for the first quarter of 2024 was $18.54 billion, up from $16.72 billion in the same three months last year

Washington will award TSMC's US unit a $6.6bn subsidy and up to $5bn in low-cost loans, after it agreed to expand its investment to $65bn and add a third chip fab in Arizona

The global chip leader had paused production at its sites after the 7.2-magnitude quake which triggered landslides

The world's top chipmaker said impacts from the quake could hit its Q2 earnings, but the costs could be much higher if other firms' plants were affected

Another plant in Japan would expand TSMC’s capacity there to more than 100,000 12-inch wafers to supply tech firms and carmakers including Sony and Toyota