TSMC reports profit increase despite Middle East conflict

The company reported a 58% increase in quarterly net profit Taiwan Semiconductor Manufacturing's results for Q1 proved resilient. They indicated that global demand for AI remained stable despite uncertainties from the conflict in the Middle East, which has shaken energy markets and driven up costs. Record profits surpass analyst expectations The world's largest contract chipmaker reported on April 16, 2026, a 58% increase in quarterly net profit to NT$ 572.48 billion, equivalent to approximately USD 18.12 billion. Analysts had expected, according...