"TSMC's Strong Outlook Fueled by AI Demand"

Taiwan Semiconductor Manufacturing Co. (TSMC) exceeded revenue expectations and plans to invest up to $32 billion in 2024, signaling sustained growth in AI demand. The company's strong performance was driven by increased demand for AI, leading to its first quarterly profit rise in a year. TSMC expects revenue of $19.6 billion to $20.4 billion in the June quarter, surpassing estimates.