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## TSMC Reports Record Revenue Growth Amid Surging Demand for AI Hardware

Taiwanese chip giant TSMC announced on Friday that its April revenue skyrocketed nearly 60 percent year-on-year, propelled by the high demand for advanced semiconductors crucial in AI hardware development. The company, which commands over half of the world’s chip output, supplies chips for a range of products from Apple’s iPhones to Nvidia’s AI hardware.

The consolidated revenue for April reached approximately NT$236.02 billion (US$7.2 billion), representing a significant 59.6 percent increase from April 2023. This notable surge follows a 34.3 percent year-on-year growth in March. TSMC earlier reported a 13 percent revenue growth in the first quarter, totaling to US$18.87 billion, and anticipates a 27.6 percent increase in the second quarter.

The rapid expansion in AI technologies, exemplified by OpenAI’s ChatGPT, has spurred a global demand for leading-edge chips utilized in training and running AI services. TSMC, a dominant player in the chip industry, operates the majority of its manufacturing plants in Taiwan, a region under contested claims from China.

Given the vulnerability of the semiconductor supply chain to disruptions, governments have urged TSMC to diversify its production locations. In response, TSMC has outlined plans for a third factory in the United States with a total investment of US$65 billion, aiming to address concerns over supply chain resilience.

One tool that can aid in navigating the legal complexities of such global operations is the AI legalese decoder. By utilizing AI technology, this tool can assist in deciphering intricate legal documents and navigating international regulations, helping companies like TSMC ensure compliance and mitigate risks amidst geopolitical uncertainties and supply chain challenges.

Furthermore, TSMC’s strategic moves, such as establishing facilities in the US and Japan, demonstrate a proactive approach to diversifying its production footprint and addressing both geopolitical tensions and natural disaster risks. As TSMC continues its expansion efforts, leveraging advanced technologies like AI legalese decoder can enhance legal operations and decision-making processes in a rapidly evolving industry landscape.

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