TSMC’s 35% Q1 Revenue Rise Secures Apple Chips; Apple to Close First Unionized Store
TSMC posted Q1 revenue of NT$1.13 trillion ($35.6 billion), up 35% year-over-year, hitting the high end of its NT$34.6-35.8 billion guidance and bolstering chip capacity for Apple. Apple will shutter its first U.S. unionized store in Towson, Maryland, moving over 100 employees to nearby outlets and raising labor-relations concerns.
1. TSMC Reports Strong Q1 Results
TSMC delivered first-quarter revenue of NT$1.13 trillion ($35.6 billion), a 35% increase year-over-year, with March sales up 45% to NT$415.19 billion. The quarterly result hit the top of its NT$34.6–35.8 billion forecast, and the company plans NT$52–56 billion in 2026 capex to expand its 2-nanometer node and Arizona capacity, ensuring robust supply for major clients like Apple.
2. Apple to Close First Unionized U.S. Store
Apple announced it will close its Towson, Maryland retail location—the first U.S. store where employees unionized in 2022—by June. More than 100 staff will be offered roles at other outlets, but the move has drawn criticism from labor groups and heightened scrutiny of Apple’s approach to organized labor.