TSMC reaches record quarterly profits in Q1 as AI boom drives unprecedented demand for semiconductor chips across accelerators, smartphones, and data centers.

TSMC's net profit for January-March quarter hit an all-time high, fueled by surging demand for AI technology

The chipmaker is supplying processors for AI accelerators, next-generation smartphones, and massive data center expansion

Data center capital spending is accelerating at a pace that has exceeded even the most optimistic industry forecasts