TSMC Q1 profit surges 60%, beats forecasts

TAIWAN'S TSMC, THE world's largest contract chipmaker, logged a forecast-beating 60% leap in quarterly profit and said it still expects robust growth this year despite U.S. President Donald Trump's unpredictable trade policies.

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The bellwether for the global chip industry kept its annual outlooks for sales and capital spending unchanged and forecast AI chip revenue to double. The bullish outlook comes despite market concerns about a slowdown due to tightening US chip export controls.