Analysts see risks in the cloud software sector, which may be heading for a shock from more moderate spending. Not so for Microsoft. Read More...
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TSMC Stock Jumps. It’ll Spend $40 Billion to Expand Chip Capacity.
Taiwan Semiconductor Manufacturing Thursday reported a 16.4% jump in net profit for the last quarter of 2021, on a sales jump of 21.2% from the same quarter of 2020. Revenue at the world’s largest contract chip maker (ticker: TSM), and a major supplier of Apple (AAPL) or Qualcomm (QCOM), was boosted by enormous demand for the company’s chips, on the back of increased use of smartphones, home computers, and other technological gadgets during the Covid-19 pandemic. The company’s products are also in high demand for products transformed by technological innovation, such as 5G networks and electric vehicles.
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