TSMC reports 58% profit jump despite Iran war

Taiwan Semiconductor Manufacturing Company (TSMC) has reported a 58% increase in profit for the January-March 2026 quarter. The chipmaker's strong performance comes despite rising costs associated with the ongoing war in Iran, which has disrupted global supply chains. TSMC attributed the profit surge primarily to robust demand driven by the artificial intelligence boom, which has offset war-related economic pressures. The company's resilience highlights how specific technology sectors continue to thrive even amid broader geopolitical conflicts.