Taiwan Semiconductor's Profits Rise Amid AI Surge, Yet Cautious Outlook Weighs on Shares
Taiwan Semiconductor Manufacturing Company (TSMC), the world's largest semiconductor manufacturer, saw its shares dip by 3.1% in mid-morning trading on Thursday, despite posting strong first-quarter earnings. The decline, down to a somber outlook amidst the softening smartphone and PC markets, has cast a shadow over its recent fiscal achievements.
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