TSMC April sales jump 17.5% on sustained AI chip demand

Investing
2026.05.08 06:17
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Taiwan Semiconductor Manufacturing Co (TSMC) reported a 17.5% increase in April revenue, reaching NT$410.73 billion ($13.08 billion), driven by strong demand for AI chips. Year-to-date revenue rose 29.9% to NT$1.54 trillion. TSMC forecasts sales of $39 billion to $40.2 billion for the current quarter. Despite this growth, shares fell 0.9% amid concerns over geopolitical tensions affecting semiconductor demand.