Taiwan Semiconductor (TSMC) reported record first-quarter revenue of $35.6 billion. This figure represents a 35% year-over-year increase and exceeded analyst consensus estimates.
Strong demand for advanced AI chips from major clients including Apple and Nvidia drove the growth. These results underscore the ongoing artificial intelligence hardware boom and TSMC's role as a global tech barometer.
Revenue for March alone surged 45.2% compared to the previous year. TSMC’s U.S.-listed shares rose more than 2% in pre-market trading following the announcement.