TSMC's latest bank report is exactly as you'd expect it to be: mo' wafers, mo' money

The outside of TSMC Arizona, showing the desert and the mountains in the distance next to the TSMC logo.

While AI's explosive growth hasn't been good news for consumers, because it's directly caused the global memory crisis, but it sure does keep manufacturers exceedingly busy. Case in point, TSMC has revealed profits that both blow past its original projections and smash earlier records.

TSMC had previously issued guidance to its investors predicting that it would make somewhere between $34.6 and $35.8 billion. That's no small potatoes by any means, but between the start of the year and the end of March, the company did in fact make $35.90 billion in net revenue.