By Ben Blancard and Wayne-Lee
The world’s largest contract Chipmaker, Taipei (Reuters) -TSMC said on Thursday that the revenue jumped 42%in the first quarter, which was slightly ahead of the market consensus, benefited from boom in Artificial Intelligence.
Revenue T for January-March came in T $ 839.3 billion ($ 25.6 billion), Taiwan Semiconductor Manufacturing Company said in a brief statement.
It was higher than the LSEG Smartstime of T $ 835.7 billion drawn from 19 analysts and more than $ 25.8 billion from $ 25.8 billion under the company’s guidance. It stated in February that the revenue was likely to come to the bottom of that range due to the impact of $ 161 million from the earthquake in Taiwan in January.
The TSMC will report the first quarter earnings on 17 April, including an outlook for the current quarter and the whole year.
The company, whose customers, include Apple and NVIDIA, are one of the major beneficiaries of advances in AI, with more than offsetting the epidemic-de-deducted demand of chips used in consumer electronics such as tablets.
Like other companies, TSMC shares have announced last week by US President Donald Trump, although the semiconductor has not been included yet.
TRP’s announcement of tariff stagnation saw 9.9% of the Taipei-list stock climb on Thursday, putting this year’s loss at 19.7%, with a decline of 17.5% of the broad index.
The world’s largest contract electronics manufacturer Taiwan’s Foxconn and who makes AI servers for Nvidia, have also reported the sale of bumper, logging on to its highest revenue for the first quarter.
($ 1 = 32.8410 Taiwan Dollar)
(Reporting by Ben Blancard and Wayne-Yee Lee; Edwina Edit by Gibbs)
