Taiwan Semiconductor Manufacturing Company (TSMC) has reported a 54% increase in profits, driven by strong demand for AI chips. The company's revenue reached NT$1.14 trillion ($39 billion), exceeding expectations. This surge is attributed to the growing need for artificial intelligence and cloud computing solutions.

Source: https://www.ft.com/content/164dfcc2-1d1d-4de6-bfba-7d346a9f8bab