TSMC, the world's largest contract chip maker, reports a 60% year-on-year net income increase to NT$360.7bn, despite concerns over tariffs affecting the semiconductor sector. Revenue grew by 41.6% year-on-year but fell by 3.4% from the previous quarter due to weak smartphone sales. TSMC plans to invest $160bn in US manufacturing, aiming for favorable tariff conditions. Despite uncertainties, TSMC maintains a positive revenue growth outlook for Q2, expecting between US$28.4bn and US$29.2bn. Analysts view TSMC as resilient amidst tariff threats, though shares have dropped over 20% year-to-date. Teljes cikk (Euronews.com)