# Taiwan Semiconductor Manufacturing Company reported strong first-quarter earnings.

*semiconductor · news · 2026-04-16 · Crypto News*

## Key points

- TSMC posted a record net income of $18.2 billion for Q1 2024, up 58% year-on-year.
- Nvidia has become TSMC's largest customer due to surging demand for AI processors.
- 3-nanometer chips now account for 25% of TSMC's wafer revenue, indicating rapid node migration.
- TSMC expects 2026 full-year revenue to grow over 30%, a higher outlook than previously indicated.
- Despite Middle East supply concerns, TSMC anticipates no near-term disruptions due to diversified sourcing.

**Companies:** Taiwan Semiconductor Manufacturing Company, Apple, Nvidia
**Countries:** Taiwan, United States, Japan

[Read the full story on Crypto News](https://crypto.news/tsmc-earnings-jump-58-on-booming-ai-chip-demand/)

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