TSMC

Taiwan Semiconductor Manufacturing Co. (TSMC), a major producer of advanced chips for artificial intelligence applications, forecast a 51% rise in first-quarter profit on Thursday, thanks to strong demand. The world's largest foundry chipmaker, whose clients include Apple and Nvidia, has benefited from a surge in artificial intelligence, helping it weather the weakening demand for electronics caused by the pandemic, pushing TSMC shares to a record high. Source note: Image generated by AI, image licensing service provider Midjourney Analysts expect TSMC's net profit to reach NT$217.2 billion (67.1 billion) in the quarter ending March 31...