TSMC reports record quarterly revenue on sustained AI chip demand

Taiwan Semiconductor Manufacturing Co. posted record first-quarter revenue, driven The world's largest contract chipmaker said revenue jumped 35% year-over-year to set a new quarterly high. The growth reflects sustained orders from key customers including Apple and Nvidia for cutting-edge processors. The results underscore the central role TSMC plays in the global AI supply chain. As cloud providers and technology companies expand their AI infrastructure, demand for TSMC's most advanced manufacturing nodes has remained robust. The company produces the sophisticated chips that power large language models and other AI workloads for many of the industry's largest players. The strong performance comes amid broader questions about the sustainability of AI-related chip demand. TSMC's results suggest that investment in AI computing capacity continues at a brisk pace, with major technology firms still prioritizing infrastructure expansion. TSMC has invested billions of dollars to expand production capacity at its facilities in Taiwan and abroad, including new factories in Arizona and Japan. The company dominates the market for the most advanced chip manufacturing, giving it significant pricing power as customers compete for limited supply. The chipmaker is scheduled to report detailed first-quarter earnings later this month.