TSMC, the world’s largest contract chipmaker, reported first-quarter revenue of T$1.134 trillion ($35.71 billion) on Friday, surpassing market expectations and rising 35% compared with the same period a year earlier, driven by strong demand for artificial intelligence (AI) applications, News.Az reports, citing Reuters.
An LSEG SmartEstimate based on 20 analysts had projected first-quarter revenue of T$1.125 trillion, meaning the company slightly exceeded forecasts.
TSMC is a key supplier to major technology firms including Nvidia and Apple.
