Taiwan Semi Stock Rises After Earnings. The Next Quarter Could Be Even Better.

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Continued demand for chips in everything from advanced computing to cars helped Taiwan Semiconductor Manufacturing beat estimates for first-quarter earnings on Thursday —and strong sales are expected to continue.

TSMC(ticker: TSM) notched a profit of $1.40 a share on revenue of $17.6 billion in the first three months of 2022. Sales rose 36% year over year and 12% since the last quarter.