Taiwan Semiconductor Manufacturing Co. (TSMC) reported a 60.3% year-over-year surge in first-quarter net profit, reaching NT$361.6 billion (US$11.12 billion), or NT$13.94 per share. This increase was fueled by robust demand for advanced chips, particularly those used in AI applications.
TSMC's revenue rose 42% to NT$839.25 billion, slightly higher than its guidance of US$25.00 billion to US$25.80 billion. 3-nanometer chips accounted for 22% of total wafer revenue, with 5-nanometer and 7-nanometer chips contributing 36% and 15%, respectively.
Looking ahead, TSMC anticipates second-quarter revenue between $28.4 billion and $29.2 billion, driven by demand for its 3nm and 5nm technologies. The company is expanding its U.S. manufacturing presence with a total investment reaching $165 billion, including plans for three new fabrication plants and two advanced packaging facilities in Phoenix, Arizona. TSMC, however, remains cautious about potential risks from tariffs and U.S. export restrictions, which could impact specific AI chips, despite no current changes in customer behavior.