From Yahoo Finance: 2025-04-10 01:36:00

TSMC, the world’s largest contract chipmaker, reported a 42% jump in first-quarter revenue, reaching $25.6 billion, slightly exceeding market expectations. The company attributed this growth to the surge in demand for artificial intelligence technology.

Despite an earthquake in January impacting revenue, TSMC’s earnings for January-March exceeded analyst estimates and company guidance. The company is set to release full first-quarter earnings on April 17, providing insights into the current quarter and full-year outlook.

TSMC’s key customers, like Apple and Nvidia, have contributed to its success in the AI sector, compensating for the decline in demand for consumer electronics chips. The company’s stock experienced a 9.9% increase following Trump’s announcement of a tariff pause, offsetting some losses incurred earlier in the year.

Taiwan’s Foxconn, a major electronics manufacturer, also saw record-breaking revenue in the first quarter, driven by strong sales of AI servers for Nvidia. The company’s success reflects the broader trend of increased demand for AI-related products in the tech industry.

Read more: TSMC’s first-quarter revenue surges 42%, slightly ahead of forecasts