"Taiwan Semiconductor Manufacturer TSMC Faces Volatility Amid AI Chip Demand and Global Outlook Concerns"

TSMC's Taipei-listed shares dropped over 6% following its first-quarter earnings report, where it maintained its capex and full-year revenue guidance and projected a gradual recovery for the chip sector. The company's forecast for second-quarter sales to potentially rise by 30% was overshadowed by its unchanged capital spending plans and a lowered outlook for the global semiconductor industry, leading to market concerns and a decline in stock value.