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TSMC's Q1 revenue surged 16.5% to T$592.64 billion, surpassing estimates. Market cap at $662B. Anticipated 4% Q1 net profit rise. High demand for AI applications drove the revenue increase.
TSMC: Revenue in the first three months of this year came in at T$592.64 billion ($18.54 billion), up from $16.72 billion in the year-ago period.
Rest of World News: For years, the semiconductor supply chain depended largely on just a few factories in Taiwan, which China claims as part of its territory. Then, the C
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