Taiwan Semiconductor Manufacturing Company (TSMC) has raised its full-year revenue forecast after reporting stronger-than-expected quarterly earnings, driven by surging global demand for artificial intelligence chips.

The world’s largest contract chipmaker said orders from major technology companies continued to exceed expectations as businesses expand investments in AI infrastructure.

The company reported robust sales of advanced semiconductors used in AI servers, smartphones and high-performance computing systems.

Executives said customers remain committed to long-term investments despite global economic uncertainty, reinforcing confidence in continued industry growth.

Investors welcomed the results, viewing them as another sign that the AI boom remains one of the strongest drivers of the global technology industry.

TSMC continues supplying chips to leading technology firms, making it a critical player in the global semiconductor supply chain.

Analysts believe demand for advanced chips will remain strong as companies accelerate the development of generative AI, cloud computing and autonomous technologies.

The semiconductor sector is expected to continue attracting significant investment over the coming years.

Industry experts say TSMC’s improved outlook reinforces optimism across global technology markets and highlights the growing importance of semiconductor manufacturing to the digital economy.

Source: Reuters