TSMC Profits Surge Amid AI Boom

The world's largest contract chipmaker beat analyst estimates with a net profit of US$18.2 billion, highlighting its central role in the AI revolution.

TSMC management downplayed concerns that the war in Iran would dampen demand, instead focusing on the need to 'pull in all equipment' to meet supply shortages.

The company's 3nm technology now accounts for 25% of its wafer revenue, with advanced nodes overall making up nearly three-quarters of its business.

This performance has buoyed technology stocks globally and reinforced Taiwan's position as a critical node in the tech supply chain.