Taiwan's TSMC says first quarter revenue up 42 percent

Taiwanese chipmaking giant TSMC reported Thursday a better-than-expected revenue for the first quarter on strong demand for AI technology, after tariffs slapped onto major economies by US President Donald Trump caused global uncertainty. TSMC chairman and chief executive C.C. Wei has said the firm expected "2025 to be another strong growth year" as AI-related demand continues to surge.

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