TSMC set to post 50% quarterly profit jump, extend record earnings 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 net profit for January-March driven by booming demand for AI infrastructure.

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, according to analysts.