Close-up exterior view of the logo of TSMC, Taiwan Semiconductor Manufacturing Company Limited, outside its office building in Hsinchu, Taiwan, 10 February 2026. Photo by RITCHIE B. TONGO / EPA
May 25 (Asia Today) -- Employees at Taiwanese semiconductor giant TSMC are reportedly growing increasingly frustrated over rumors of layoffs and bonus cuts despite the company posting record first-quarter earnings.
According to Beijing-based sources familiar with Taiwan's economy, TSMC delivered what analysts described as extraordinary results in the first quarter of this year.
Revenue rose 40.6% year-over-year to 1.134 trillion New Taiwan dollars, equivalent to about $35.9 billion or 55.6 trillion won. Net profit surged 58% to 572.5 billion New Taiwan dollars (about $17.9 billion USD), significantly exceeding market expectations of 543.3 billion New Taiwan dollars (about $17 billion USD.)
Both revenue and net profit reached all-time highs, marking what market observers described as a major earnings surprise.
