TSMC reported record first-quarter revenue of $35.6 billion. Quarterly revenue grew 35% compared to the previous year. The results significantly exceeded analyst expectations.
Surging demand for advanced AI chips from Apple and Nvidia fueled the growth. This performance confirms robust spending on global artificial intelligence infrastructure. High-performance computing demand persists despite geopolitical tensions in the Middle East.
TSMC’s U.S.-listed shares climbed over 2% in pre-market trading. The report indicates a strong upward trend in semiconductor capital expenditures.