TSMC's solid results bode well for one of its largest customers, which currently dominates the market for AI chips.

Taiwan Semiconductor Manufacturing Company (TSMC) said on Tuesday it has informed the United States of a potential attempt by Huawei to circumvent U.S. export controls prohibiting the chipmaker from producing AI chips for the Chinese company.

In the rapidly evolving world of semiconductor technology, Synopsys and Taiwan Semiconductor Manufacturing Company (TSMC) are at the forefront, pushing

TSMC’s discovery raises questions about how Huawei, considered China’s best hope of ascending the semiconductor industry, acquired advanced chips.

TSMC, the world's largest contract chipmaker, bet on sustaining its strong growth, after reporting on Thursday a forecast-beating 54% jump in quarterly profit driven by soaring demand for chips used in artificial intelligence (AI).

Nvidia (NVDA) CEO Jensen Huang says a flaw in Blackwell AI chips that impacted production has been fixed with TSMC’s (TSM) help and the issue was “100% Nvidia’s fault,” Reuters’ Jacob Gronholt-Pedersen and Supantha Mukherjee report.

The demand for AI "is real," said CC Wei, TSMC's chairman and CEO.

The Rosenblatt analyst reiterated a Buy rating on Apple with a target price of $261. Smartphone upgrade rates for Verizon, AT&T, and T-Mobile have declined, but analysts remain optimistic about future sales due to anticipated AI advancements.

TSMC and other chipmakers are barred from doing business with Huawei without exemptions from the US government.

A massive leak revealed details about upcoming Google Tensor G5 and G6 chips, including a switch to TSMC and more.