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TSMC announced a 58% boost in its quarterly profit, attributing this growth to heightened demand spurred by advancements in artificial intelligence.
TSMC reported a 58% increase in quarterly profit, reaching 572.5 billion new Taiwan dollars.
KEY POINTS
- First quarter net profit for TSMC exceeded analyst expectations at USD 18.1 billion.
- TSMC projects next quarter revenue between USD 39 billion and USD 40.2 billion.
- TSMC is aggressively expanding its advanced 3-nanometre semiconductor capacity for AI technologies.
- Despite Iran war supply chain challenges, TSMC maintains robust strategic stockpiles of chipmaking resources.
COMPANIES
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