Apple Chip Supplier’s Solid Performance Shows Resilience in Trade Fight

The world's largest chip player reported earnings that exceeded estimates by 1.7%. Despite a net income loss from the previous quarter, profits were better than expected, leading to a rise in share price aligned with the World Semiconductor Index. The company has managed to mitigate concerns about Huawei, maintaining strong chip demand. The stock has 22 buy ratings, 5 holds, and 3 sells on Bloomberg. TSMC forecasts third-quarter sales slightly above estimates, between $9.1 and $9.2 billion.

What was the percentage by which the chip player's earnings exceeded expectations?

• 1.7%

• 1.5%

• 2.0%

• 2.5%

How much profit did the company report for the quarter?

• $2.0 billion

• $2.2 billion

• $2.1 billion

• $1.9 billion

What was the market's reaction to the chip maker's performance despite concerns about Huawei?

• The market was disappointed.

• The market was indifferent.

• The market was confused.

• The market was pleasantly surprised.

How many buyers are there for the stock according to Bloomberg?

• 18

• 20

• 24

• 22

What is the forecasted range for TSMC's third-quarter sales?

• $9.1 to $9.2 billion

• $9.2 to $9.3 billion

• $9.0 to $9.1 billion

• $8.9 to $9.0 billion