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TSMC lifts revenue forecast, pledges more capital spending to meet AI chip demand

First-quarter profit leapt 58% to a record US$18.2-billion, beating estimates and marking its eighth straight quarter of double-digit growth

1 report1 sourceApr 16, 2026, 9:59 AM
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The Globe and MailApr 16, 2026, 9:59 AM

TSMC lifts revenue forecast, pledges more capital spending to meet AI chip demand

First-quarter profit leapt 58% to a record US$18.2-billion, beating estimates and marking its eighth straight quarter of double-digit growth

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