TSMC reported record first-quarter revenue of $35.71 billion.
This figure represents a 35% year-on-year surge that surpassed analyst expectations. The results indicate that global demand for advanced AI chips remains exceptionally high.
The performance helped calm investor fears about a potential slowdown in sector growth. TSMC acts as the primary manufacturer for industry leaders including Nvidia and Broadcom.
Sales figures showed an acceleration in March, suggesting resilient demand for AI infrastructure despite geopolitical uncertainties. TSMC’s U.S.-listed shares rose more than 2% in pre-market trading following the report.