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BTCC / BTCC Square / Global Cryptocurrency /
TSMC Posts Record Q1 Earnings Amid Surging AI Demand

TSMC Posts Record Q1 Earnings Amid Surging AI Demand

Global Cryptocurrency
Author:
Global Cryptocurrency
Release Time:
2026-04-17 02:30:02
0
BTCCSquare news:

TSMC's first-quarter profit soared 58% year-over-year to $18.2 billion, marking its eighth consecutive quarter of double-digit growth. The chipmaker now anticipates full-year revenue growth exceeding 30%, up from prior estimates, as it plans maximum capital expenditures to expand production capacity.

"Semiconductor demand remains fundamental to the multi-year AI megatrend," CEO C.C. Wei asserted, dismissing geopolitical concerns. The company's fabrication plants operate at full capacity to meet orders from AI hardware leaders like Nvidia, whose CEO recently revealed trillion-dollar order backlogs.

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