Taiwan Semiconductor Manufacturing Company reported a sharp rise in first-quarter revenue, highlighting strong global demand for artificial intelligence chips.
The world’s largest contract chipmaker said January–March revenue climbed 35% to T$1.134 trillion ($35.71 billion), up from T$839.3 billion a year earlier and ahead of market expectations.
The figure exceeded analysts’ forecasts of T$1.125 trillion and aligned with the company’s earlier guidance range of $34.6 billion to $35.8 billion.
The strong performance comes as surging interest in AI technologies continues to drive demand for advanced semiconductors, offsetting slower sales in consumer electronics.
Despite broader concerns about rising energy costs linked to tensions in the Middle East and potential disruptions to semiconductor supply chains, analysts remain optimistic about TSMC’s outlook.
Forecasts for the April–June quarter have been raised, with revenue expected to reach a record T$1.2 trillion, supported by tight supply of high-end AI chips.
The chipmaker, a key supplier to Nvidia has been one of the biggest beneficiaries of the AI boom, which continues to reshape the global technology landscape.
TSMC is scheduled to report its full first-quarter earnings and provide updated guidance on April 16.
Goodness Anunobi
