TSMC profit surges on AI boom

TSMC's record-breaking performance highlights its central role in the global technology supply chain as a key provider for Apple and Nvidia.

The company expects revenue to grow by more than 30% in 2026 as it ramps up capital spending to meet the hunger for AI infrastructure.

Management noted that while the Middle East conflict has increased costs, the fundamental demand for high-performance computing remains robust.

The results have fueled a broader rally in technology stocks across Asian and Western markets.