TSMC’s Upbeat Outlook Fuels Hopes for 2025 AI Spending

(Bloomberg) — Taiwan Semiconductor Manufacturing Co. projected quarterly sales and capital expenditure ahead of analysts’ estimates, fueling hopes that spending on AI hardware should remain resilient in 2025.

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The main chipmaker to Apple Inc. and Nvidia Corp. foresees spending $38 billion to $42 billion on technology and capacity this year, or up to 19% more than analysts anticipated. It predicted revenue of $25 billion to $25.8 billion in the March quarter,…