Taiwan Semiconductor Manufacturing Company (TSMC), the world's largest foundry company, reported a 42% increase in revenue in the first quarter of this year compared to the same period last year.
According to Reuters and others on the 10th, TSMC stated in a press release that its revenue for the first quarter of this year was 839.35 billion New Taiwan dollars (approximately 37.27 trillion won). This represents a 42% increase compared to the same period last year and exceeds the estimate of 835.7 billion New Taiwan dollars from 19 analysts surveyed by Reuters, as well as the average estimate of 830.5 billion New Taiwan dollars from analysts surveyed by Bloomberg.
Bloomberg reported, “The growth rate of TSMC's first-quarter revenue is the fastest since 2022, reflecting strong demand for artificial intelligence (AI) servers and smartphones before the tariff took effect in the United States.”
It was noted that U.S. consumers were concerned about price increases resulting from the tariff imposed by the Donald Trump administration, leading TSMC's customers to proactively place orders before the tariff took effect.
Concerns have been raised that, in the long term, the pace of expenditure on data centers and AI chips may slow down. Microsoft (MS) has recently scaled back by halting site negotiations for global data center projects.
TSMC is scheduled to announce its overall first-quarter results on the 17th.