TSMCS income in the first quarter rises by 42%, slightly before the forecasts

By Ben Blanchard and Wen -Yee Lee Taipei (Reuters) -TSMC, the world’s largest contract chip manufacturer, on Thursday said that the first quarter revenue jumped by 42%, slightly before a consensus in the market, which benefited from the boom in artificial intelligence. Income for January-March amounts to Taiwan Semiconductor Manufacturing Co., Taiwan Semiconductor Manufacturing Co. in a brief statement. It was a little higher than an Lseg Smartstimate of T $ 835.7 billion drawn from 19 analysts and in line with $ 25.8 billion in line with $ 25.8 billion. It is said in February that revenue was likely to come to the bottom of the series as a result of an impact of $ 161 million from an earthquake in Taiwan in January. TSMC will report a full earnings in the first quarter on April 17, including a prospect for the current quarter and full year. The company, whose clients include Apple and Nvidia, was one of a major beneficiary of progress in AI, which more than compensated the decline in the pandemic-led demand for slides used in consumer electronics such as tablets. Like other companies, TSMC shares have fallen since US President Donald Trump generally announced last week, although semiconductors have not been included so far. Trump’s announcement of a tariff break on Thursday climbed its Taipei-listed share by 9.9%, which placed this year’s losses at 19.7%, in line with the wider decline of the 17.5% of the index. Taiwan’s Foxconn, the world’s largest contract electronic manufacturer and making AI servers for Nvidia, has also reported a bumper sales, which reported its highest revenue for the first quarter. ($ 1 = 32,8410 Taiwan-dollar) (Reporting by Ben Blanchard and Wen-Yee Lee; Editing by Edwina Gibbs) first published: 10 Apr 2025, 12:16 pm ist