TSMC set to post 50% quarterly profit jump, extend record earnings on insatiable AI demand (opens in new tab)

TSMC, the world's largest manufacturer of advanced artificial intelligence chips, will likely notch up a fourth ‌consecutive quarter of record earnings with a 50% surge in net profit for ‌January-March driven by booming demand for AI infrastructure. Demand for Taiwan Semiconductor Manufacturing Co's 3-nanometre technology to produce AI chips ​and its advanced packaging technology continues to outstrip the firm's current production capacity, according to analysts. Its market capitalisation is ...