Taiwan Semiconductor Manufacturing Company (TSMC) anticipates a 30% increase in Q2 profit to T$236.1 billion due to surging AI chip demand.

Taiwan Semiconductor Manufacturing Company (TSMC), the world's largest contract chipmaker and primary supplier of advanced chips for AI applications, expects a 30% increase in its second-quarter profit, reaching T$236.1 billion ($7.25 billion), due to surging demand for AI chips. TSMC's Taipei-listed stock has surged 75% this year to record highs, with the AI boom driving up share prices.