TSMC Q1 profit jumps 58% to record, beats expectations
Published on April 16, 2026.
The world's largest contract chipmaker, Taiwan Semiconductor Manufacturing Company (TSMC), has reported a 58% increase in its first-quarter net profit to $543.3 billion, surpassing market forecasts. The company is benefiting from global demand for its artificial intelligence processors. The profit surpasses a previous record-breaking $600 million.
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