TSMC Reports Record Profits Amid Surging AI Chip Demand and Global Expansion in Fabrication Capacity

TSMC achieved a 58.3% increase in first-quarter net profit to $18.1 billion, fueled by sustained global demand for advanced artificial intelligence chips.CEO C.C. Wei raised the annual revenue growth forecast to over 30% as the company accelerates its $165 billion investment in global chip fabrication plants.Despite potential supply chain risks from geopolitical tensions, the company is maintaining high profit margins and expanding its technological lead in 3-nanometer chip production.
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