KEY TAKEAWAYS
- Taiwan Semiconductor Manufacturing Co., the world’s largest contract chipmaker, reported May revenue surged 40% year-over-year as demand remained elevated for its AI chips.
- U.S.-listed shares of the company, which supplies tech heavyweights such as Apple and Nvidia, are rising more than 2% in premarket trading.
- January-to-May revenue of NT$1.51 trillion was up nearly 43% over the same period last year.
Taiwan Semiconductor Manufacturing Co. (TSM), the world’s largest contract chipmaker, reported May revenue surged nearly 40% year-over-year as demand remained elevated for its artificial intelligence (AI) chips.
The U.S.-listed shares of the company, which supplies tech heavyweights such as Apple (AAPL) and Nvidia (NVDA), are rising more than 2% in premarket trading. They entered Tuesday up 5% so far this year.
TSMC reported May revenue of 320.52 billion New Taiwan dollars ($10.70 billion), up 39.6% from a year earlier but down 8% from April’s figure. January-to-May revenue of NT$1.51 trillion was up nearly 43% over the same period last year.
In March, TSMC CEO C.C. Wei joined President Donald Trump in announcing that the firm intends to invest $100 billion in U.S.-based chip-manufacturing facilities. In the company’s first-quarter earnings call in April, Wei affirmed TSMC’s projection of “full-year 2025 revenue to increase by close to mid-20s percent in U.S. dollar terms.”
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