TSMC Sales Beat Estimates After War Fails to Dent AI Demand

Taiwan Semiconductor Manufacturing Co. reported a 35% increase in quarterly revenue, suggesting global AI chip demand remained intact during the first weeks of war in the Middle East.

The main chipmaker for Nvidia Corp. and Apple Inc. reported revenue for the first quarter of NT$1.13 trillion ($35.6 billion), beating projections, after sales in March alone rose 45%.