BRIEF: TSMC’s profit jumps in first quarter, unaffected by tariff impact

Taiwan Semiconductor Manufacturing Co. Ltd. (TSM.US; 2330.TW) reported on Thursday its revenue reached T$839.25 billion ($25.53 billion) in the first quarter, up 35.3% year-on-year. Its net profit rose for the period rose 60.3% to a record T$361.56 billion.

Revenue from its high-performance computing (HPC) division accounted for 59% of its total during the quarter, up from 46% a year ago. By comparison, its smartphone-related business declined from 38% of revenue to 28% over that time. Revenue from its 5nm process dropped slightly from 37% to 36%, while its 3nm process saw its share rise from 9% to 22%. Regionally, 77% of the company’s revenue came from North America.

Chairman C.C. Wei said customer behavior has not changed in response to global tariff policies, and the company is maintaining its previous outlook for this year. It expects its U.S. dollar revenue to grow by 24% to 26%, driven by continued strong demand for AI-related products. Wei added that the company is ramping up investment in the U.S., with approximately 30% of its 2nm and more advanced capacity expected to be located in Arizona.

Following the report’s release, TSMC’s stock edged up 0.05% to close at $151.74 on Thursday in New York.

By Lee Shih Ta

To subscribe to Bamboo Works weekly free newsletter, click here