Taiwan semiconductor foundry corporations TSMC said on the 10th that it posted revenue of 1.1341 trillion Taiwan dollars (Hanwha about 52.8604 trillion won) in the first quarter of this year.
That was up 35.1% from a year earlier.
According to Reuters, it topped the 1.125 trillion Taiwan dollars forecast compiled by market research firm LSEG. It also rose 8.4% from the previous quarter.
The industry sees growing demand for artificial intelligence (AI) chips as driving earnings growth.
In particular, demand for Nvidia AI accelerators (B200 and B300 series) and the effect of early production of Apple A-series chips were reflected, leading to what is analyzed as a quarterly record-high level of revenue.
Revenue for March released that day was tallied at 415.1 billion Taiwan dollars. That was up 30.7% from the previous month and 45.2% from a year earlier.
Even taking into account the base effect from the Lunar New Year in February, when results declined, a growth rate in the 30% range indicates firm demand, analysts said.
By month, after 401.2 billion Taiwan dollars in January and 317.6 billion Taiwan dollars in February, March showed a sharp rebound.
The recent trend has volatility, but overall the high-growth trajectory is continuing, analysts said.
TSMC and other listed corporations in Taiwan disclose the previous month's revenue between the 5th and 10th of every month. This is to serve as a reference indicator for investment decisions before the quarterly earnings release. TSMC's first-quarter revenue is also the sum of the figures released from January to March.
Meanwhile, TSMC's finalized first-quarter results are scheduled to be released on Apr. 16.