Riding the AI wave, TSMC achieved its largest sales growth in the first quarter of 2022

TSMC achieved its highest sales growth since 2022 in the first quarter of this year, with a 34.3% year-on-year increase in sales in March and a 16.5% year-on-year increase for the first quarter. Driven by the AI boom, the global chip market is beginning to recover. TSMC, the world's largest contract chip manufacturer, serves a customer base that includes tech giants such as Apple and NVIDIA. TSMC's stock price has reached a historic high, with the market expecting steady growth. The company plans to increase capital expenditures, with revenue expected to grow by over 20% this year. TSMC is actively building new factories to supply data centers for internet giants