TSMC's first-quarter revenue surges 42%, slightly ahead of forecasts


FILE PHOTO: A logo of chip giant TSMC can be seen in Tainan, Taiwan December 29, 2022.REUTERS/Ann Wang/File Photo/File Photo

TAIPEI (Reuters) -TSMC, the world's largest contract chipmaker, said on Thursday that first-quarter revenue jumped 42%, slightly ahead of a market consensus, benefiting from the boom in artificial intelligence.

Revenue for January-March came in at T$839.3 billion ($25.6 billion), Taiwan Semiconductor Manufacturing Co said in a brief statement.

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