TSMC posts 35% jump in revenue to new record high as AI chip demand stays strong

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Taiwan Semiconductor Manufacturing Co

. on Friday posted another quarter of record revenue driven by demand for AI chips.

For January to March, the world’s largest chipmaker reported revenue of 1.13 trillion new Taiwan dollars ($35.6 billion), exceeding analyst forecasts of 1.12 trillion new Taiwan dollars, according to LSEG’s compiled estimates. That marks a 35% year-on-year increase.

For March alone, TSMC reported a 45.2% year-on-year rise in revenue to 415.2 billion new Taiwan dollars.