TSMC Q1 Profit Jumps 58% to Record High on AI Chip Demand
TSMC’s first-quarter profit climbed 58% year-over-year to a record high, driven by strong chip demand. Growth was fueled by AI data centre spending from customers such as MediaTek, helping TSMC beat analyst forecasts for the period.
1. Strong Q1 Earnings
TSMC posted net profit of a record high in Q1, up 58% year-over-year, beating estimates as chip sales surged across its advanced process nodes.
2. AI Data Centre Surge
Demand from AI data centre customers like MediaTek drove advanced node utilization, with the data centre ASIC market seen expanding to $70-80 billion by 2027, underpinning TSMC’s order growth.
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