On April 16, 2025, motorcycles can be seen near the Taiwan Semiconductor Manufacturing Company (TSMC) building in Hsinchu, Taiwan.
Daniel Chen | Anadoru | Getty Images
Taiwanese semiconductor manufacturer reported nearly 61 on Thursday% Demand for artificial intelligence chips remains strong, breaking estimates for second quarter profits compared to previous year.
Here are TSMC's first quarter results and LSEG smartestimates:
- Revenue: 93.38 billion new Taiwan dollars ($31.7 billion), vs.NT$93.124 billion
- Net profit: NT $39.827 billion, vs. $37.786 billion
Second quarter net income hit a record high, according to Reuters.
TSMC's net revenue for the June quarter rose 38.65% from a year ago to $93.38 billion, with estimates rising.
TSMC, the world's largest contracted chip maker, benefits from megatrends towards AI by producing advanced processors for clients such as Nvidia and Apple.
However, the company faces potential headwinds from President Donald Trump's trade policy, which threatened Taiwan's sudden “mutual tariffs.”
Local media reports say Taiwan faces 32% tariffs announced in April and is in the midst of trade talks with the US. Earlier this month, Trump warned about possible additional tariffs on semiconductors.
US export controls also restrict TSMC's operations with China, as well as business of key clients such as NVIDIA and AMD. However, amid thawing trade relations between Beijing and Washington, Nvidia and AMD said earlier this week that they had government guarantees that they would allow them to ship products to China.
