Taiwan Semiconductor Manufacturing Co (TSMC), the world’s largest producer of advanced artificial intelligence chips, is expected to post a fourth straight quarter of record earnings, with net profit for January–March projected to jump by 50% amid strong demand for AI infrastructure.

TSMC reported a record-setting jump in fourth-quarter profit as global demand for advanced chips used in artificial intelligence systems continued to soar.

Taipei – Taiwan Semiconductor Manufacturing Company (TSMC), the world’s largest contract chipmaker, announced a remarkable 60.7% increase in net profit for the second quarter of 2023.

Taiwan Semiconductor Manufacturing Co (TSMC) announced a record-breaking quarterly profit on Thursday, driven by surging demand for chips used in artificial intelligence processing.