00:00It's Benzinga bringing Wall Street to Main Street.
00:03Taiwan's semiconductor manufacturing raised its full-year revenue growth forecast
00:07to more than 30 percent and signaled strong demand for artificial intelligence,
00:12even as the Iran war continues. According to the Wall Street Journal, the company expects
00:17capital expenditures at the higher end of its $52 billion to $56 billion range.
00:23CEO C.C. Wei said customers reaffirmed strong AI demand, prompting accelerated investment
00:29in capacity. First quarter gross margin reached 66 percent, the highest in more than 20 years,
00:35while its smartphone segment declined 11 percent from the prior quarter.
00:40The company said it does not expect near-term production disruptions
00:43and cited sufficient liquefied natural gas supply through at least May.
00:47For all things money, visit Benzinga.com.
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