TSMC Q1 profit surges 60%, beats forecasts

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The story "TSMC Q1 profit surges 60%, beats forecasts" was covered 3 days ago by Channel News Asia, a news publisher based in Singapore.

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TSMC Q1 profit surges 60%, beats forecasts - Channel News Asia

Quick Summary:

TAIPEI : TSMC, the world's largest contract chipmaker, posted a 60 per cent jump in first-quarter net profit on Thursday, beating market forecasts as it benefited from surging demand for semiconductors used in artificial intelligence applications.

FILE PHOTO: The TSMC logo is displayed on a building in Hsinchu, Taiwan April 15, 2025.

Taiwan Semiconductor Manufacturing Co, whose customers include Apple and Nvidia, saw January-March net profit rise to T$361.6 billion ($11.12 billion) from T$225.5 billion a year earlier.The profit beat a T$354.6 billion LSEG SmartEstimate, which is weighted toward forecasts from analysts who are more consistently accurate.