Taiwan Semiconductor Manufacturing Company (TSMC) reported record first-quarter 2026 revenue of $35.6 billion. This figure exceeded analyst expectations and represents 35% year-over-year growth.
Robust demand for advanced AI chips from Apple and Nvidia drove the results. This performance marks the eighth consecutive quarter of annual growth for the chipmaker.
TSMC’s U.S.-listed shares rose more than 2% in pre-market trading. The results reinforce a positive outlook for the semiconductor industry and related ETFs.
Geopolitical tensions in the Middle East present potential supply chain risks. A blockade of the Strait of Hormuz threatens Taiwan’s supply of liquefied natural gas. Such a disruption could also impact the availability of helium needed for advanced chip manufacturing.