TSMC Reports 58% Increase in First-Quarter Profit, Exceeding Estimates Due to Strong AI Demand
Taiwan Semiconductor Manufacturing Company (TSMC) reported a 58% increase in first-quarter profit, surpassing estimates and reaching a new record, driven by strong demand for AI chips. Revenue reached NT$1.134 billion, exceeding expectations of NT$1.127 billion, with net income hitting NT$572.48 billion. The company has seen sustained demand from key clients like Apple, Nvidia, and AMD.
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Topics: AI Chips Earnings Beat Revenue Growth Semiconductors TSMC