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Sravan Kundojjala

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001122334455554433221100

TSMC profits surge 54 percent driven by AI chip demand

Taiwan Semiconductor Manufacturing Co (TSMC) is projected to report a 54% increase in Q1 net profit, reaching NT$347.8 billion (US$10.7 billion), driven by rising AI chip demand. This growth highlights a shift in the semiconductor market, where AI-focused production significantly outpaces traditional segments. TSMC's strategic overseas expansion aims to mitigate geopolitical risks while maintaining its competitive edge in the evolving industry landscape.
Tech in Asia
United States Dollar Apple Inc. NVIDIA Corporation USA TWN Sravan Kundojjala
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06:45 14.04.2025
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