Taiwan Semiconductor Manufacturing Co. raised its outlook for 2025 revenue growth, shoring up investors’ confidence in the momentum of the global AI spending spree.

Taiwan Semiconductor Manufacturing Co. (TSMC) has increased its U.S. dollar-based sales growth forecast to 30 per cent, up from the previous estimate of 24-26 per cent, driven by robust demand for its cutting-edge process technologies, Focus Taiwan reported.

Taiwan chip giant TSMC reported profits that leaped more than 61% year-over-year, driven largely by the demand for chips to fuel artificial intelligence and