Taiwan Semiconductor Manufacturing Co., the main chipmaker for Nvidia Corp. and Apple Inc., reported a 40% 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 ($13.8 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.
TSMC chief executive officer C.C. Wei last week reaffirmed the company’s guidance for sales to grow in the mid-20% range in US dollar terms in 2025. AI chip demand still outstrips supply, he told shareholders.
Last month, Nvidia soothed investor fears about a Chinese slowdown by delivering a solid sales forecast, saying the AI computing market remains poised for exponential growth. Taiwan’s overall exports and shipments to the US jumped to a record in May.
