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  • 2 hours ago
TSMC reported a 35% surge in Q1 revenue, beating market expectations, with about US$36 billion in revenue so far this year. Growth is being driven by strong demand for AI-related chips, and the company is expected to see higher profits and margins, with its stock potentially reaching record highs.
Transcript
00:00Chip giant TSMC has beaten market forecasts with a 35% jump in first-quarter revenue.
00:06A report released Friday shows that Taiwanese firm has already brought in around US$36 billion this year.
00:13Surging demand for AI is driving growth, and shares in a company are expected to hit a record high.
00:20Profits are also likely to rise.
00:22TSMC is set to report full first-quarter earnings next Thursday, along with an updated outlook for the year.
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