From CNBC: 2025-04-17 04:25:00

Taiwan Semiconductor Manufacturing Company (TSMC) maintained its annual revenue forecast after beating profit expectations in the first quarter of 2025. Net income rose 60.3% to NT$361.56 billion, while net revenue increased 41.6% to NT$839.25 billion. Sales were driven by the high-performance computing division, with advanced technologies accounting for 73% of total wafer revenue.

TSMC CEO C.C. Wei stated that business in the fourth quarter was impacted by smartphone seasonality, but growth in AI-related demand continued. Moving forward, the company expects strong growth from its 3-nanometer and 5-nanometer technologies. Despite potential headwinds from trade policies, TSMC maintained its forecast of close to mid-20% revenue growth in 2025.

Semiconductor export controls, including proposed AI diffusion rules, could further restrict the sales of chipmakers using TSMC foundries. Taiwan faces a 10% tariff from the U.S., which could rise to 32%. TSMC has invested billions in overseas facilities to diversify its supply chains, including an additional $100 billion in the U.S. Shares of TSMC fell nearly 1% after the news.



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