TSMC (TSM) Q1 Revenue Grows 35% To $35.7 Billion

AI Summary

Taiwan Semiconductor Manufacturing Company (TSM) reported Q1 revenue of 1.13 trillion new Taiwan dollars ($35.7 billion), a 35% year-over-year increase. March revenue rose 31% versus February and 45% compared to March 2025. The growth is attributed to strong demand in the global AI sector, which is projected to push semiconductor spending to $1.3 trillion by 2026, a 64% increase. TSMC's performance is instrumental as it supplies major companies like Nvidia (NVDA) and AMD (AMD), indicating a robust market for AI chips.