TSMC set to post 50% quarterly profit jump, extend record earnings on insatiable AI demand
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TSMC is expected to report a 50% jump in quarterly profit due to high demand for AI chips. The company's market capitalization has reached $1.68 trillion, nearly double that of Samsung Electronics.
TSMC, the world's largest manufacturer of advanced AI chips, is expected to report a 50% surge in net profit for January-March. The company's 3-nanometre technology and advanced packaging technology are in high demand, outstripping production capacity. TSMC's market capitalization is nearly $1.68 trillion. The company is expected to report a net profit of $17.23 billion for the first quarter. TSMC's earnings call is scheduled for Thursday, where it will provide second-quarter and updated full-year guidance. The company's capital spending plans for 2026 will be closely watched, reflecting management's confidence in long-term AI demand.
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