MW Taiwan Semiconductor says tariffs haven't changed customer behavior as profit booms 60%
By Steve Goldstein
Taiwan Semiconductor Manufacturing Co., the contract microchip manufacturer for Nvidia, Apple and AMD, said it hasn't seen a change in customer behavior after a quarter in which surging artificial-intelligence demand saw its profit surge by 60%.
The company said its profit jumped 60% to NT$361.56 billion ($11 billion), as revenue jumped 42% to NT$839 billion.
Analysts polled by Visible Alpha expected a profit of NT$354 billion on revenue of NT$836 billion.
The first quarter is typically not a big one for Taiwan Semi due to seasonal demand for smartphones.
"While we have not seen any changes in our customers' behavior so far, uncertainties and risks from the potential impact from tariff policies exist. We will continue to closely monitor the potential impact on the end market demand, and manage our business prudently," said CFO Wendell Huang in a statement.
It's guiding to revenue between $28.4 billion and $29.2 billion for the second quarter. Using Taiwan Semi's exchange-rate assumption, that equates to a midpoint of NT$936 billion, above analyst expectations of NT$881 billion.
TSMC shares $(TSM)$ (TW:2330) rose 5% in premarket trade. The stock has declined 23% this year.
-Steve Goldstein
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(END) Dow Jones Newswires
April 17, 2025 03:34 ET (07:34 GMT)
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