Wall Street Balks at TSMC’s $100 Billion Bet on Growing AI Demand The semiconductor sector's recent selloff has sent shockwaves through Wall Street after Taiwan Semiconductor Manufacturing Company (TSMC) announced a massive $100 billion investment in its Arizona based chip fab.
The question on everyone's mind is whether this represents a case of over optimism about the industry's prospects or a justified concern.
TSMC's record revenue and net income figures are indeed impressive, with a 77% year over year increase in net income.