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18 TSMC’s Strong Results is One More Bullish AI Sign

The Information
Martin Peers @ The Information 3 place · today 20:00 EDT

TSMC’s Strong Results is One More Bullish AI Sign

Upbeat signals about the AI business are proliferating. The latest was chipmaking giant Taiwan Semiconductor Manufacturing Co.’s first-quarter report on Thursday, showing revenue growth of 40.6%, above the top end of its projected range. The company raised its full-year growth rate to above 30%. According to TSMC CEO C.C. Wei, “AI-related demand continues to be extremely robust.” Wei said he based that assessment both on comments from TSMC’s customers—it makes chips on behalf of various chip designers, led.

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