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TSMC's Q1 Net Income Soars 58%

-- Taiwan Semiconductor Manufacturing (TPE:2330), or TSMC, reported first-quarter net income of NT$572.5 billion, or NT$22.08 per share, surging 58% from a year earlier.

The chipmaker attributed the performance to continued strong demand for its leading-edge process technologies, according to a Thursday Taiwan Exchange filing.

Revenue rose 35% annually to NT$1.134 trillion, the filing said.

During the quarter, shipments of 3-nanometer chips accounted for 25% of total wafer revenue, 5-nanometer chips for 36%, and 7-nanometer chips for 13%, with advanced technologies making up 74% of total wafer revenue.

Looking ahead, TSMC expects second-quarter revenue to range between $39 billion and $40.2 billion, supported by sustained demand for advanced nodes, with gross margin projected at 65.5% to 67.5% and operating margin at 56.5% to 58.5%.

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