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flag TSMC revenue surges 35% due to AI chip demand.

flag Taiwan Semiconductor Manufacturing Company (TSMC) reported a 35% year-on-year revenue increase to $35.71 billion for the first quarter, surpassing market expectations. flag The surge was driven by strong demand for advanced chips used in artificial intelligence applications, which has offset a decline in consumer electronics demand. flag TSMC's shares have risen 29% year-to-date, and analysts have raised forecasts for the second quarter.

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