Taiwan Semiconductor Manufacturing Co. (TSMC) reported a 9% increase in Q1 net income to NT$225.4 billion, driven by strong demand for advanced AI chips.

Taiwan Semiconductor Manufacturing Co. (TSMC) reported a 9% increase in profits in Q1, with net income reaching NT$225.4 billion ($6.97 billion). This growth was driven by strong demand for advanced chips, particularly those used in AI applications. TSMC, the world's largest contract chipmaker, saw its consolidated sales hit NT$592.64 billion, a 16.5% increase from the previous year.