TSMC first-quarter profit rises 58%, beats estimates as AI demand fuels record run
Taiwan
Taiwan Semiconductor Manufacturing Company on Thursday reported a 58% increase in first-quarter profit, beating estimates and hitting a fresh record as demand for artificial intelligence chips stayed strong. Here are the company's results versus LSEG SmartEstimates, which are weighted toward forecasts from analysts who are more consistently accurate: TSMC's net income of $572.48 billion for the three months ended in March represented a fourth consecutive quarter of record profits. Meanwhile,
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