TSMC's quarterly profits surge 50% in Q1 as AI chip demand continues to outpace manufacturing capacity.

TSMC is on track for its fourth consecutive quarter of record earnings, driven by unprecedented demand for AI infrastructure chips

The chipmaker's 3-nanometre technology for AI production and advanced packaging remain supply-constrained despite expanded capacity

TSMC's market value has nearly doubled that of Samsung Electronics, reaching approximately $1.68 trillion

Strong demand for AI-related semiconductors is expected to sustain record profitability through at least March 2024