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The company will provide updates on its outlook for the current quarter and the rest of the year on an earnings call at 0600 GMT on Thursday.
Company executives could also talk about TSMC’s plans in the U.S. state of Arizona, where it has announced it will build a third factory after winning $6.6 billion in U.S. subsidies.
TSMC leads the world in advanced chip manufacturing, used in everything from smartphones and tablets to fighter jets, though competitors like Intel (NASDAQ:INTC) and Samsung (KS:005930) are trying to challenge the company’s dominance. Intel this month disclosed deepening operating losses for its foundry business, a blow to the chipmaker as it tries to regain a technology lead it lost in recent years to TSMC. The AI boom has helped drive up the price of shares in Asia’s most valuable company, with TSMC’s Taipei-listed stock having surged more than 30% so far this year to a historic high, compared with a 12% gain for the broader market.
($1 = 32.3700 Taiwan dollars)
