TSMC Reports Healthy Profit Growth Driven by Demand for High-End Computer Chips

Taiwan Semiconductor Manufacturing Co. Ltd. (TSMC), the world’s largest contract chipmaker, reported a solid uptick in revenue and profit in the first quarter, driven by fast-growing demand for chips used in cars and high-performance computers.

In the three months through March, TSMC raked in NT$491.1 billion ($17.6 billion) in net revenue, up 35.5% year-on-year, according to its Thursday earnings report. Net profit attributable to shareholders jumped 45.1% to NT$202.7 billion.