TSMC Revenue Soars 32%, Suppliers and Core Clients All Rise Pre-Market

Gelonghui Jan 9｜While the power struggle over tariffs continues between the White House and the Supreme Court in the United States, the tech sector has staged a comeback thanks to strong earnings guidance. Boosted by TSMC’s better-than-expected revenue report, U.S. artificial intelligence-related stocks, which generally fell on Thursday, regained momentum in pre-market trading. As the world’s largest contract chip manufacturer, TSMC announced a 32% revenue growth, surpassing market expectations. Driven by this, TSMC supplier Applied Materials rose 2.25% in pre-market trading after closing down 3.6% on Thursday; Lam Research, another TSMC client, gained 2.4%. Micron Technology, a memory chip manufacturer closely tied to TSMC, rose 1.6% pre-market. TSMC’s major clients also saw their stock prices rise: Broadcom up 0.75%, AMD and Nvidia up 0.5% and 0.4% respectively. The tech-heavy Nasdaq index, after declining in the previous trading day, rose 0.15% in pre-market trading.