Taiwan/Economy/TSMC reports record profits and raises forecasts due to AI chip demand

TSMC reports record profits and raises forecasts due to AI chip demand

Apr 16, 202612 sources

TSMC gives Taiwan irreplaceable strategic leverage

Summary

Taiwan Semiconductor Manufacturing Company (TSMC) reported a 58% jump in first-quarter profit to a record $18 billion, beating expectations. The chipmaker raised its revenue forecast and pledged more capital spending to meet booming demand for artificial intelligence chips. Strong forecasts from TSMC and Dutch equipment maker ASML signal that the AI spending boom remains intact.