Amazon Prime Day 2026 Sales Top $26.4 Billion as Shoppers Chase Discounts Amid Inflation 
Doncasters Raises $919 Million in NYSE IPO as Aerospace Growth Accelerates 
US Seizes Nearly 400 Illegal World Cup Streaming Domains in Global Anti-Piracy Crackdown 
The government is ‘doubling down’ on its social media ban. But bigger penalties for platforms aren’t enough 
Baidu Shares Rally as Kunlunxin Eyes $50 Billion Hong Kong IPO 
UBS Raises TSMC Price Target to T$3,400 on Strong AI Chip Demand Outlook 
Trump Urges Gasoline Retailers to Cut Prices to $2.50 Per Gallon, Warns of Legal Action 
Australia Sues Amazon Over Prime Video Ads and Subscription Terms 
Nomura Stock Upgraded to Buy by BofA as Stronger ROE and Earnings Growth Boost Outlook 
Samsung and SK Hynix Shares Jump After Micron Earnings Boost AI Chip Optimism 
OpenAI IPO Delay Weighs on SoftBank Shares as AI Valuation Concerns Grow 
Apple Challenges India Antitrust Probe, Says CCI Copied Rivals’ Claims in App Store Case 
China Eastern Orders 25 Airbus A330neo Jets in $9.35 Billion Deal to Boost International Expansion 
Republican Lawmaker Introduces AI Incident Reporting Bill to Strengthen U.S. AI Safety 
SpaceX, Charter Communications Explore Mobile Partnership to Expand Starlink Wireless Service 
Apple Supplier Stocks Slide as Samsung, SK Hynix Lead Selloff After Apple Price Hikes 
Taiwan Semiconductor Manufacturing Company (NYSE: TSM), the world's largest contract chipmaker, delivered a record-breaking first-quarter profit in 2026, surpassing analyst expectations as artificial intelligence continues to drive unprecedented demand for advanced semiconductors.
TSMC reported net profit of T$572.48 billion ($18.15 billion) for Q1 2026, a remarkable 58.3% increase compared to the same period last year, beating Bloomberg consensus estimates of T$542.38 billion. This milestone was supported by a 35% year-over-year revenue surge, with total revenue reaching T$1.134 trillion during the quarter.
Looking ahead, TSMC CFO Wendell Huang projected second-quarter revenue between $39.0 billion and $40.2 billion, representing approximately 32% year-over-year growth. The company expects full-year 2026 revenue growth to exceed 30%, reflecting sustained momentum across its AI-focused chip manufacturing operations.
Despite the optimistic financial outlook, TSMC flagged potential headwinds tied to global supply chain disruptions. The escalating U.S.-Israel conflict with Iran has significantly impacted specialty chemical supply routes through the Strait of Hormuz, a critical shipping corridor for chip-grade materials including helium and bromine, with key production hubs in Qatar, Israel, and Jordan now facing operational pressure. While management acknowledged the risk to profitability, they noted that near-term disruptions remain unlikely, given that the company has already secured chemical channels and energy supply commitments.
TSMC remains a cornerstone of the global AI supply chain, serving as a primary manufacturer for Nvidia chips and a broad range of industrial and consumer electronics applications. Although its consumer electronics segment has shown slower growth recently, robust AI-driven demand has more than compensated for that softness.
Alongside Dutch chip equipment giant ASML, which also reported strong Q1 results, TSMC continues to serve as a leading indicator of health and direction for the broader semiconductor and artificial intelligence industry.
