US tariffs: how Trump’s tax is hitting Big Tech and beyond
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TSMC is unfazed by tariffs.
The semiconductor giant reported a 60 percent jump in Q1 profits, to NTD$361.56 billion (USD$10.9 billion), and is sticking with its forecast for 2025 revenue growth. Chairman and CEO C.C. Wei says there’s been “no changes” in demand following Trump’s tariffs, with chips next in the president’s crosshairs.
That doesn’t mean it’s ignoring the tariffs entirely though — they’re partly to thank for new efforts to accelerate the launch of its two upcoming US chip plants.
TSMC says it will build 'independent' chip hub in U.S.
[asia.nikkei.com]
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