Taiwanese chip manufacturing giant TSMC has reported a significant 58 per cent surge in profits for the first quarter of the year, largely propelled by the burgeoning demand for artificial intelligence technology.
The world's largest contract chipmaker, a crucial supplier to Apple and Nvidia, announced a record net profit of 572.5 billion new Taiwan dollars ($18.1 billion) for the first three months of the year. This is better than analysts had expected.
