TSMC Revenue Soars 46.5% in March on AI Chip Demand, Shares Hit Daily Limit

Taiwan Semiconductor Manufacturing Co (TW:2330) posted a sharp jump in March revenue, buoyed by rising global demand for advanced chips and AI applications. The results came amid escalating trade tensions between the U.S. and China.

March Revenue Snapshot

• NT$285.96 billion ($8.71 billion) in March revenue

• Up 46.5% year-on-year from NT$195.21 billion ($5.94 billion)

• Up 10% from February levels

For Q1 2025, revenue totaled NT$839.25 billion, marking a 41.6% increase compared to the first quarter of 2024.

AI Demand and High-End Chips Drive Growth

TSMC, a key supplier to tech giants Apple (NASDAQ:AAPL) and NVIDIA (NASDAQ:NVDA), continues to benefit from:

• Surging demand for AI-focused chipsets

• Strength in advanced node manufacturing (such as 3nm and 5nm)

• Expanding orders from global cloud and semiconductor firms

Market Reaction

• TSMC shares surged 10% on Thursday in Taipei, hitting their daily upper limit.

• Broader tech sentiment improved following a temporary pause on U.S. tariffs, excluding China.

Trade Policy Overhang

U.S. President Donald Trump's recent decision to pause new tariffs for 90 days offered short-term relief. However, the decision to raise tariffs on China to 125% adds uncertainty to TSMC's global supply chain, especially given its deep integration with U.S. and Chinese tech ecosystems.

TSMC in Context

To explore the company's historical earnings and quarterly performance breakdowns, refer to:

• Earnings Historical Data API — useful for tracking TSMC's earnings momentum and YoY comparisons

Conclusion

TSMC's strong revenue growth underscores the resilience of semiconductor demand, especially in AI-related segments. But with geopolitical risks still elevated, investors remain watchful of how trade dynamics between Washington and Beijing evolve.

Let me know if you'd like to add a quick update on Apple or NVIDIA's exposure to TSMC's supply chain next.