TSMC Profits Surge Amid AI Boom

TSMC has delivered another blockbuster earnings report, with net income reaching record levels for the January-March period.

The company is benefiting from a massive surge in orders from major clients like Apple and Nvidia as the global AI build-out continues.

Management announced plans to ramp up capital spending and pull in equipment to meet supply shortages.

However, the firm also cautioned that the Middle East conflict remains a source of uncertainty for global supply chains and manufacturing costs.