1st quarter revenue of Taiwan's TSMC, the world's largest contract chipmaker, rose 16.5% to $18.54bn, driven by strong AI demand.
Taiwan's TSMC, the world's largest contract chipmaker, reported a 16.5% increase in first-quarter revenue, beating market expectations and reaching the high end of the company's own guidance. This surge in revenue can be attributed to strong demand for AI applications, which has helped TSMC weather the decline in pandemic-led demand and caused its stock value to rise. Revenue for the first three months of this year reached T$592.64 billion ($18.54 billion), up from $16.72 billion in the same period a year ago.
April 10, 2024
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