US EditionTsmc'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.
33 Articles
33 Articles
Times of India
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.
TSMC Reports 53 Trillion Won in Q1 Revenue, Record High for Quarterly, Up 35% Year-on-Year TSMC, a Taiwanese semiconductor foundry, announced on the 10th that it recorded revenue of 1.1341 trillion Taiwanese dollars (approximately 52.8604 trillion Korean won) in the first quarter of this year. This represents a 35.1% increase compared to the same period last year.
Coverage Details
Bias Distribution
- 42% of the sources lean Left
Factuality
To view factuality data please Upgrade to Premium
