TSMC’s first-quarter revenue surges as AI interest propels sales beyond market forecasts

TAIPEI: TSMC, the world’s largest contract chipmaker, on Friday reported a 35% surge in first-quarter revenue, beating market forecasts, thanks to unabated interest in artificial intelligence applications.

January-March revenue reached T$1.134 trillion ($35.71 billion) compared with T$839.3 billion in the same period a year earlier, TSMC ‌said in ⁠a ⁠statement without elaborating.