Taiwan Semiconductor Manufacturing Beats Q1 Sales Forecasts as AI Demand Holds Firm Amid Middle East Tensions

Deep News04-10 14:01

Taiwan Semiconductor Manufacturing (TSM) reported a 35% increase in first-quarter revenue, signaling sustained global demand for artificial intelligence chips in the initial weeks following the outbreak of conflict in the Middle East.

On Friday, TSM announced that revenue for the quarter ending in March rose to NT$1.13 trillion (approximately US$36.5 billion), surpassing the average analyst estimate of NT$1.12 trillion. Sales in March alone surged by 45%.

The report may help alleviate concerns that the ongoing Middle East crisis could dampen demand for energy-intensive AI data centers and electronics such as iPhones. The conflict has already placed pressure on global shipping routes and energy prices, with investors seeking indications of whether its effects might extend to the spending plans of major technology firms.

TSM is scheduled to release its full first-quarter financial results on April 16.

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