Taiwan’s chipmaker TSMC reports 58% profit jump, warns of profitability pressure on Iran war impacts
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TSMC reported a 58% jump in profit for the January-March quarter due to strong demand driven by the artificial intelligence boom. The company warned of potential impacts from the Iran war on its profitability.
Taiwan's chipmaker TSMC reported a record net quarterly profit of $18.1 billion for the first three months of the year, a 58% increase from the same period last year. Revenue rose 8.4% to $35.9 billion. TSMC expects revenue to further grow to $39-$40.2 billion in the current quarter. The company is expanding chip fabrication plants in the US, Japan, and Taiwan to meet growing demand for advanced semiconductors used in AI products. TSMC warned that the Iran war could impact its profitability due to rising costs and supply chain disruptions. The company has prepared safety stock inventory and expects no near-term impact on operations.
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