TSMC Q1 profit surges 60%, beats forecasts
ReutersApr 17, 2025 5:36 AM
TAIPEI, April 17 (Reuters) - TSMC 2330.TW, the world's largest contract chipmaker, posted a 60% jump in first-quarter net profit on Thursday, beating market forecasts as it benefited from surging demand for semiconductors used in artificial intelligence applications.
Taiwan Semiconductor Manufacturing Co TSM.N, whose customers include Apple AAPL.O and Nvidia NVDA.O, 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.
($1 = 32.5060 Taiwan dollars)
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