<ul><li>TSMC, a major Apple supplier, reported a 60% surge in net profit for Q1, beating market forecasts.</li><li>The profit rose to T$361.6 billion (US$11.12 billion) from T$225.5 billion (US$6.94 billion) a year earlier.</li><li>The Q1 profit exceeded the forecast of T$354.6 billion (US$10.90 billion) by LSEG SmartEstimate.</li><li>TSMC benefited from increased demand for semiconductors used in artificial intelligence applications.</li></ul>

Major Apple supplier TSMC’s profit surges 60% in Q1, beats forecasts

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