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AI News from ET - AI demand drives chipmaker TSMC's net profit to fresh record

Vishwadeep Khatri
in AI News & Two Lenses

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Governments and tech giants are pouring hundreds of billions of dollars into building new data centres that can run and train AI tools such as chatbots, image generators and agents that can execute tasks. TSMC said its net profit for the first quarter of 2026 rose a whopping 58.3% from a year ago to NT$572.5 billion ($18 billion).

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