Tag: TSMC

TAIPEI (Reuters) - Taiwan chipmaker TSMC on Wednesday reported first-quarter revenue growth of 16.5%, beating market expectations and hitting the upper end of the company's own guidance, as demand for artificial intelligence applications led to a surge in sales. The world's largest maker of carrier chips, whose customers include Apple and Nvidia, benefited from the AI wave that helped it stave off a pandemic-induced contraction in demand, driving TSMC's shares to a record high. That's not far off Taiwan Semiconductor Manufacturing Company (TSMC)'s previous forecast of first-quarter revenue between $18 billion and $18.8 billion.

The earthquake in Taiwan, the strongest in at least 25 years, has also put pressure on the global supply chain. The island accounts for about 90% of chipmaker TSMC's production, and while most of its factories are located across the river from the epicenter, they are filled with fragile equipment that is critical to producing chips for global companies. TSMC said it had evacuated some of its manufacturing plants and that its security systems were functioning normally, while it confirmed the details of the impact.