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.

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

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).

TSMC's blockbuster results should be a welcome surprise to investors after ASML's earnings sent semiconductor stocks tumbling earlier this week.

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.

Taiwan Semiconductor Manufacturing Company (TSMC) said it has informed the United States of a potential attempt to have it manufacture AI chips for China's Huawei in circumvention of export controls,

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

Taiwan Semiconductor's AI growth trajectory remains strong, despite potential risks, making the stock attractive. Click for this TSM stock's earnings update.

Taiwan Semiconductor Manufacturing (TSMC) has halted shipments to one of its clients upon discovering that a chip it supplied ended up with China-based Huawei Technologies, reported Bloomberg News. The incident could represent a breach of US export controls aimed at limiting the Chinese military's capabilities.