Catenaa, Thursday, April 10, 2025- TSMC, the world’s largest contract chipmaker, reported $ 25.55 billion net revenue in the first quarter on Thursday, beating market forecasts, as the company reaps the benefit from artificial intelligence demand.
In the January-March period, Taiwan Semiconductor Manufacturing Co (TSMC) posted revenue of 839.25 billion Taiwan dollars, about $25.5 billion, recording a 42% increase year on year, beating analysts’ expectations of 830.5 billion Taiwan dollars.
The growth, the fastest since 2022, was partly the result of electronics manufacturers stockpiling in US warehouses ahead of new US tariffs taking effect in early April.
March alone saw revenue increase 46.5% year-over-year to 285.96 billion Taiwan dollars, the surge in demand was also evident among US consumers, who were buying Apple’s latest iPhones in droves ahead of potential tariff-related price hikes.
TSMC, a supplier of chips to tech giants like Apple, Nvidia and AMD, is set to release its full first-quarter results on April 17. Investors are watching the company’s potential revisions to its full-year revenue and capital expenditure forecasts in response to global uncertainty and the potential dampening effect of US trade policy.
TSMC was down by 1.06% on pre-market on Thursday after it gained nearly 12.30% to $158 per share on Wednesday, TSMC shares are down by 20.78% so far in the year.
