Taiwan Semiconductor Manufacturing Co. (TSMC) reported first-quarter revenue of NT$1.134 trillion, or approximately $35.71 billion. This figure represents a 35% year-over-year increase and surpassed market forecasts.
Surging demand for advanced chips used in artificial intelligence applications drove the growth. As the primary manufacturer for Apple and Nvidia, TSMC remains a central beneficiary of the ongoing AI boom.
The company's performance serves as a key indicator for the global electronics supply chain. TSMC will provide a detailed earnings report and future outlook on April 16.