TSMC likely to book fourth straight quarter of record profit on insatiable AI demand

TSMC, the world’s largest manufacturer of advanced artificial intelligence chips, will likely notch up a fourth consecutive quarter of record earnings with a 50% surge in nprofit for January-March thanks to booming demand for AI infrastructure.

Analysts say that demand for Taiwan Semiconductor Manufacturing Co’s 3-nanometre technology to produce AI chips and its advanced packaging technology continues to outstrip ‌the firm’s ⁠current production ⁠capacity.