TSMC has reported that its first-quarter revenue soared to NT$1.13 trillion (roughly US$35.6 billion), representing a 35% year-on-year increase and establishing a new record high that outstripped analysts’ projections. This surge was primarily fueled by robust demand for artificial intelligence (AI) chips. Notably, revenue in March alone surged by 45.2%. Despite a downturn in the smartphone and personal computer sectors, the demand for AI-related services from clients like Apple and NVIDIA effectively compensated for the shortfall. Analysts predict that TSMC is on track to exceed its annual growth target of 30%, with price hikes playing a pivotal role in driving sales beyond expectations. As an increasing number of companies transition toward in-house chip design, TSMC’s pivotal role in the manufacturing process has become even more pronounced.
