Business Standard
Taiwan's chipmaker TSMC, one of the world's largest companies, reported a 58 per cent jump in profit on Thursday for the January-March quarter, thanks to strong demand driven by the artificial intelligence boom, even as the Iran war was driving up costs. Taiwan Semiconductor Manufacturing Corp., a key supplier for Apple and Nvidia and the largest contract chipmaker in the world, reported a record net quarterly profit of 572.5 billion new Taiwan dollars (USD 18.1 billion) for the first three months of the year, better than analysts had expected. Profit for the quarter was 58.3 per cent higher compared to the 361.6 billion new Taiwan dollars (USD 11.5 billion) booked in the same period a year earlier. It was also 13.2 per cent higher compared with the previous quarter in October-December. Revenue increased 8.4 per cent in the January-March period from the previous three months to USD 35.9 billion, the company said. For the current April-June quarter, TSMC expects revenue to further gr
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