0347 GMT - The strong AI capital expenditure from Meta and Microsoft should dispel concerns about chip demand from TSMC, Morgan Stanley analysts say in a research note. Meta raised its full-year capex to between $64 billion and $72 billion while Microsoft suggested AI demand remains strong. MS expects cloud semiconductor revenue contribution to TSMC in 2025 to rise to 25% from 13% in 2024. Including networking chips and CPUs for AI servers, TSMC's revenue generation from AI should surpass 30% from 2025, they say. Meanwhile, the analysts think TSMC's $165 billion investment in the U.S. may raise the likelihood of tariff exemption, saying TSMC will likely transfer the cost from tariffs to customers, as those from the U.S. securing its Arizona fab 4nm capacity with higher price quotes, they add. (sherry.qin@wsj.com)
(END) Dow Jones Newswires
May 01, 2025 23:47 ET (03:47 GMT)
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