Taiwan Semiconductor Manufacturing Co. (TSMC) posted a better-than-expected 39 percent rise in quarterly revenue. Hsinchu-based TSMC is one of the key companies at the heart of a global surge in spending on AI development.Taiwan Semiconductor Manufacturing Co. (TSMC) posted a better-than-expected 39 percent rise in quarterly revenue. Hsinchu-based TSMC is one of the key companies at the heart of a global surge in spending on AI development.