How Much of Taiwan Semi's Incredible April Revenue Is a Pull Forward in Demand? Here's what we can take away from the chipmaker's numbers, how it reflects on several Pro Portfolio holdings, and where we're looking next. $TSM $NVDA $AAPL $QCOM #AI #datacenter #smartphone
$TSM April revenue up 48.1% YoY. Wow.
SEMI UPDATE: TSMC $TSM reports April revenue is up 48% YoY. No signs of weakness in chip business! https://t.co/xXnkLbHVtj
Taiwan Semiconductor Manufacturing Co. (TSMC) reported a record-breaking monthly revenue of NT$349.57 billion ($11.6 billion) in April 2025, marking a 48.1% increase year-over-year and a 22.2% rise from March. This surge in sales was driven by a rush of orders from electronics firms aiming to stock up on essential components before the implementation of US tariffs, as well as a surge in demand for AI applications. The company's year-to-date sales reached NT$1.19 trillion, up 43.5% from the same period in the previous year. TSMC's strong performance is attributed to heightened demand for its advanced 3nm and 5nm process technologies, crucial for AI applications. The company is a key supplier for major tech firms like Apple Inc. and Nvidia Corp. Despite the positive revenue figures, TSMC faces challenges from the recent appreciation of the Taiwan dollar, which could pressure its margins as most of its business is conducted in US dollars. The company has noted that for every 1% appreciation of the local currency, there is a 0.4 percentage-point erosion of its operating margin.
