TSMC ‘Prudent' About Spending With Macro Uncertainties, CFO Says
The company on Thursday reported better-than-expected growth, profit and margin numbers for the June quarter, but is not increasing its spending even as capacity remains tight. Executives, including Huang, said the underlying demand for artificial intelligence chips remains robust and is growing stronger, but they decided to be somewhat conservative with their outlook due to broader geopolitical and economic concerns.
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