Latest news with #WendellHuang
Business Insider
a day ago
- Business
- Business Insider
Chip giant TSMC is the newest member of the $1 trillion market-cap club
Taiwan Semiconductor Manufacturing Company is the newest member of an elite club The company's Taiwanese shares surged to a record high on Friday, touching a $1 trillion valuation for the first time, while its US-traded American Depository Receipts were worth about $1.2 trillion. The stock is up almost 50% since hitting a low in April. The latest surge comes after strong second-quarter earnings. Much of TSMC's growth has been fueled by its lucrative niche market. As the primary AI chip supplier to top tech companies, including Apple, Nvidia, and Qualcomm, it has benefited from the robust demand that has transformed the market over the past few years. TSMC's leaders are optimistic that this growth will continue as the company enters the second half of the fiscal year, after stating that they aren't concerned about rising competition. "Our business in the second quarter was supported by continued robust AI and HPC-related demand" said CFO and VP of product Wendell Huang. "Moving into third quarter 2025, we expect our business to be supported by strong demand for our leading-edge process technologies." The company reported year-over-year revenue increase of 38% last quarter. It also showed a 12% revenue increase and 10% net income jump from Q1. The jump to a $1 trillion valuation comes after Nvidia, one of TSMC's top customers, made market history as the first company to reach a $4 trillion valuation earlier this month.
Yahoo
2 days ago
- Business
- Yahoo
TSMC CFO on Currency Volatility Impact on Business
Wendell Huang, Senior Vice President and CFO of TSMC, says the company views currency volatility as a big uncertainty to its margins and is constantly reviewing hedging strategies to manage the impact on business. He speaks exclusively with Annabelle Droulers on Bloomberg Television. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
2 days ago
- Business
- Yahoo
Taiwan Dollar Strength Tests TSMC Amid AI Chip Boom
TSMC's (NYSE:TSM) finance chief Wendell Huang says currency swings are giving him headaches. He admits a stronger Taiwan dollar can wipe out revenue, so the team is selling spot dollars, locking in forward contracts and parking cash offshore to soften the blow. After a blockbuster second quarter with profit up sixty percent, they still worry that a 1% rise in the local currency cuts reported NT dollar revenue by the same amount. That led to a ten billion dollar investment in an overseas hedging unit. The capital spending plan of $38 to $42 billion dollars remains intact, even as TSMC presses ahead with its Arizona fabs. The second plant could start making chips as soon as twenty twenty?seven, helping to balance out any forex tremors. Investors will be watching the next earnings report for proof that these hedges and overseas expansions can really keep margins on track. This article first appeared on GuruFocus.
Bloomberg
2 days ago
- Business
- Bloomberg
TSMC CFO on Currency Volatility Impact on Business
Wendell Huang, Senior Vice President and CFO of TSMC, says the company views currency volatility as a big uncertainty to its margins and is constantly reviewing hedging strategies to manage the impact on business. He speaks exclusively with Annabelle Droulers on Bloomberg Television. (Source: Bloomberg)
Yahoo
4 days ago
- Business
- Yahoo
TSMC Senior VP and CFO on Tariff-Related Uncertainty
TSMC plans to be cautious with capital expenditure due to tariff-related uncertainties, according to Chief Financial Officer Wendell Huang. Huang talks with Bloomberg TV's Annabelle Droulers on business opportunities, FX, the impact of tariffs on business outlook and more. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
