Post #4792

🇹🇼TSMC Profits Surge 58% on Unstoppable AI Chip Demand Taiwan's TSMC, a key supplier for US tech giants Nvidia and Apple, reported a massive 58% surge in Q1 net profit to $17.7 billion, driven by relentless demand for AI chips. Revenue also climbed 35% to $35 billion, shattering expectations. The firm's most advanced chips now make up 74% of wafer revenue, cementing its market dominance. To meet future demand, TSMC is boosting capital investment to the upper end of a $52-56 billion range, signaling strong confidence that the demand is here to stay. Minas Tirith | 24/7 News channel