TSMC Quarterly Sales Rise 17% After Surge in Chip Demand
-- Taiwan Semiconductor Manufacturing Co. reported a third straight quarter of record sales, underscoring its lead as the world’s No. 1 maker of the advanced chips that are currently in short supply.Taiwan’s largest company said first-quarter revenue climbed 17% to NT$362.4 billion , compared with the average NT$360.5 billion of analysts estimates.TSMC manufactures chips that go into most pieces of modern electronics, from Apple Inc.’s iPhones to smart televisions and connected cars, making it
These companies cannot justify the sharp increase in their share price. Meme stocks have exhausted investors this year, and we’re only through the first quarter.Retail investors have taken to social media sites such as r/WallStreetBets on Reddit to work themselves and others into an irrational frenzy over stocks that they then pump up to unreasonable and unsustainable levels.From outdated retailers such as GameStop to companies teetering on the edge of insolvency such as movie theatre chain AMC
PALO ALTO, Calif., April 02, 2021 -- In the first quarter, we produced just over 180,000 vehicles and delivered nearly 185,000 vehicles. We are encouraged by the strong reception of the Model Y in China and are quickly progressing to full production capacity. The new Model S and Model X have also been exceptionally well received, with the new equipment installed and tested in Q1 and we are in the early stages of ramping production.Forward-Looking Statements Statements herein regarding the timin