semiconductor / news / / The Manila Times
World's largest contract chipmaker, Taiwan Semiconductor Manufacturing Co. (TSMC), reported first-quarter revenue of T$1.134 trillion ($35.71 billion) The results topped an LSEG SmartEstimate of T $1.125 billion from 20 analysts.
TSMC reported Q1 revenue of T$1.134 trillion, a 35 percent year-on-year increase.
KEY POINTS
- Surging demand for AI applications drove TSMC's revenue growth, offsetting weakened consumer electronics demand.
- TSMC's Q1 revenue exceeded the LSEG SmartEstimate and matched its own January guidance in U.S. dollars.
- Foxconn, Nvidia's top server maker, also reported a 30 percent year-on-year revenue rise in Q1.
COMPANIES
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