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Tsmc's Q1 Revenue Jumps 35% Y/y, Beats Market Forecasts
Revenue reached T$1.13 trillion, beating estimates as demand for AI chips stayed strong and helped offset weaker consumer electronics sales.
- On Friday, Taiwan Semiconductor Manufacturing Company reported a 35% year-on-year revenue increase to NT$1.13 trillion , beating analyst forecasts of NT$1.12 trillion.
- TSMC manufactures chips for data centers and consumer electronics, benefiting from billions of dollars poured into AI infrastructure as one of the few companies capable of producing cutting-edge semiconductors.
- Sravan Kundojjala, an analyst at SemiAnalysis, told CNBC that TSMC will "easily exceed its 30% annual growth target," forecasting gross margins of 64% for the quarter due to higher prices for advanced chips.
- Compatriot Foxconn, the world's largest contract electronics maker, reported strong first-quarter sales with a 30% on-year rise, indicating robust global AI demand across the semiconductor sector.
- TSMC is scheduled to report full first-quarter results on April 16 with an updated annual outlook, while investors will also eye earnings from Dutch giant ASML next week.
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The Economic Times
The Economic TimesTSMC's Q1 revenue jumps 35% YoY, beats market forecasts
TSMC will report full first-quarter earnings on April 16, including an updated outlook for the current quarter and the full year. The company, whose customers include Nvidia, has been a major beneficiary of advances in AI, which has more than offset a tapering-off in pandemic-led demand for chips used in consumer electronics like tablets.
·India
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TSMC's Q1 revenue jumps 35%, beating forecasts
The world's largest contract chipmaker, TSMC, has today reported first-quarter revenue of T$1.134 trillion ($35.71 billion), rising 35% on the year to beat market forecasts on surging interest in artificial intelligence (AI) applications.
·Ireland
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Total News Sources19
Leaning Left2Leaning Right3Center3Last UpdatedBias Distribution38% Center, 37% Right
Bias Distribution
- 38% of the sources are Center, 37% of the sources lean Right
38% Center
L 25%
C 38%
R 37%
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