TSMC's May Sales Surge 39.6% on Resilient AI Demand
Taiwan Semiconductor Manufacturing Co., the main chipmaker for Nvidia Corp. and Apple Inc., reported a 39.6% jump in May revenue after companies stockpiled chips in response to mounting trade uncertainty.
The Hsinchu, Taiwan-based company's revenue reached NT$320.5 billion ($10.7 billion). That compares with a 48% gain during April. Analysts on average expect a 39% increase in TSMC's second-quarter sales. While sales in May appeared to be relatively healthy, they dropped 8.3% from April.
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