Taiwan Semiconductor Manufacturing Co., the world’s largest contract chipmaker, announced first-quarter revenue of $35.6 billion (1.13 trillion New Taiwan dollars), a 35% increase compared to last year.
For March alone, TSMC reported a 45.2% year-over-year increase in revenue to 415.2 billion new Taiwan dollars.
The AI segment of TSMC’s business accounted for the bulk of the company’s earnings.
TSMC has also reportedly increased prices for its most advanced chips, which significantly contributed to the first-quarter sales beat.
The chip giant continues to benefit from steady demand for advanced semiconductors from major clients like Apple and Nvidia, despite ongoing worries about supply chain disruptions caused by the Middle East conflict and the possible effects on demand.
Company shares fell by 1% after the release of Friday’s earnings report.
By CEO NA Editorial Staff
