TSMC has seen a significant 17% revenue increase in the March quarter, outperforming analyst projections.

The revenue boost is credited to heightened demand for semiconductors, fueled by the AI and cryptocurrency industries.

The company has rebounded after a downturn in 2023, marking its first revenue decline in four years, attributed to tough global trade conditions.

TSMC's stock value has climbed following the announcement of a substantial $6.6 billion federal investment for the expansion of its Arizona facility.

Anticipated full earnings report suggests a minimum 20% revenue growth for the current year, with aims to account for 20% of global advanced chip production by 2030.

To cater to the growing need for AI chips, TSMC is establishing new plants in the United States, Japan, and Germany.

Amidst a fiercely competitive global chip industry, with major players and nations vying for supremacy, TSMC is well-positioned to maintain its momentum in the AI chip market despite potential demand and geopolitical challenges.