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TSMC Reports Record Profit Growth While Warning of Trade Policy Risks

The chipmaker's Q1 profit surged 60% driven by AI demand, as it reaffirmed its revenue outlook and denied joint venture talks with Intel.

TSMC
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A man walks past a TSMC logo at the company's campus in Hsinchu, Taiwan on April 16, 2025.
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Overview

  • TSMC's Q1 net profit rose 60.3% year-on-year to NT$361.56 billion ($11.1 billion), surpassing analyst expectations.
  • The company attributed its profit growth to robust demand for AI chips, with AI-related revenues expected to double in 2025.
  • TSMC reaffirmed its 2025 revenue growth target of mid-20s percent and capital expenditure plans of $38–42 billion.
  • CEO C.C. Wei emphasized no changes in customer behavior due to U.S. tariffs but acknowledged ongoing trade policy uncertainties.
  • TSMC denied reports of joint venture discussions with Intel, reiterating its commitment to independent operations.