AI demand drives chipmaker TSMC’s net profit to fresh record
Taiwanese chip manufacturer TSMC said Thursday that net profit for January-March leaped to a fresh quarterly record, boosted by the race to develop artificial intelligence technology.
Massive global demand for AI hardware means business is booming for TSMC, the world’s biggest contract maker of microchips used in everything from Apple phones to Nvidia’s AI processors.
TSMC said its net profit for the first quarter of 2026 rose a whopping 58.3% from a year ago to NT$572.5 billion ($18 billion).
