The world's largest chipmaker TSMC said its first-quarter revenue rose 42 percent, slightly beating market expectations, thanks to a boom in artificial intelligence, Reuters reported.
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It is noted that revenue for January-March 2025 amounted to 839.3 billion Taiwan dollars ($25.6 billion).
That was slightly above LSEG's SmartEstimate of NT$835.7 billion, based on forecasts from 19 analysts.
The company said in February that revenue would likely be at the lower end of that range due to $161 million in losses from the Taiwan earthquake in January.
TSMC will release its full first-quarter earnings report on April 17, including guidance for the current quarter and full year.
The company, whose clients include Apple and Nvidia, has been a major beneficiary of the advances in artificial intelligence, which has largely offset a decline in demand for chips used in consumer electronics such as tablets after demand slumped during the pandemic.
Like other companies, TSMC shares fell sharply after U.S. President Donald Trump announced broad tariffs on imports last week, although semiconductors were not yet included.
However, after Trump announced the tariff suspension, the company's shares in Taiwan rose 9.9% on Thursday, paring losses to 19.7%, nearly matching the broader index's 17.5% decline.
Let us recall
The Finance Ministry reported that American semiconductor giant Intel and Taiwanese technology leader TSMC have agreed to a preliminary cooperation to jointly manage Intel's chip factories.
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