TSMC is accelerating its multi-billion dollar expansion in Arizona to bolster US-based manufacturing.
The company reported a 35.1% year-over-year increase in Q1 net revenue. Quarterly revenue reached NT$1.134 trillion. This total represents approximately US$35.67 billion.
TSMC serves as a primary supplier for technology leaders Apple and Nvidia. Global demand for AI chips and 3-nanometer technology currently exceeds production capacity.
Analysts expect this to be the fourth consecutive quarter of record earnings. The company has achieved nine straight quarters of profit growth.
Chief Financial Officer Wendell Huang is increasing capital expenditures to meet the AI mega-trend. The expansion aims to close supply gaps in both Taiwan and the United States. Accelerated Arizona fab development supports US leadership in high-performance computing.