Today, TSMC reported a 60% increase in first-quarter net profit. The world’s largest contract chipmaker exceeded market forecasts, seeing its Q1 net profit rise to T$361.6 billion ($11.12 billion) from T$225.5 billion a year earlier.
The company, whose customers include Apple and Nvidia, is benefiting from the rising demand for semiconductors used in artificial intelligence applications.
Wendell Huang, Senior VP and Chief Financial Officer told investors, “Our business in the first quarter was impacted by smartphone seasonality, partially offset by continued growth in AI-related demand.”
Moving into the second quarter, Huang said, “we expect our business to be supported by strong demand for our industry-leading 3nm and 5nm technologies. While we have not seen any changes in our customers’ behavior so far, uncertainties and risks from the potential impact from tariff policies exist. We will continue to closely monitor the potential impact on the end market demand, and manage our business prudently.”
TSMC’s stock has increased by over 2% in premarket trading today.
By CEO NA Editorial Staff
