TAIPEI, Taiwan: Taiwan's TSMC reported stronger-than-expected first-quarter earnings on Thursday, driven by booming demand for AI-related semiconductors.
The world's largest contract chipmaker posted a 60 percent rise in net profit for the January–March period, reaching T$361.6 billion (US$11.12 billion), up from T$225.5 billion a year earlier.
That figure topped the T$354.6 billion SmartEstimate compiled by LSEG, which gives more weight to analysts with a track record of accuracy.
TSMC, whose key clients include tech giants Apple and Nvidia, has seen demand soar as companies ramp up investment in artificial intelligence technologies.
