TSMC smashes profit expectations with 58% surge. Taiwan's chip giant reported first-quarter net income of NT$572.48 billion, beating estimates and marking a fourth consecutive quarterly record. Revenue hit NT$1.134 trillion, surpassing forecasts as artificial intelligence demand remains exceptionally strong. Advanced chips now represent 75% of wafer revenue, with the high-performance computing division accounting for 61% of total sales. Nvidia has become TSMC's largest customer, driving significant growth in AI processor manufacturing. CEO C.C. Wei confirmed robust AI-related demand continues across all major customers including Apple. The company projects full-year 2026 revenue growth exceeding 30% and forecasts second-quarter revenue between $39 billion and $40.2 billion.
