TSMC's first-quarter revenue handily beats market forecast

TAIPEI (Reuters) - TSMC, the world's largest contract chipmaker, on Thursday reported first-quarter revenue of T$839.25 billion ($25.55 billion), beating market forecasts, as the company reaps the benefit from artificial intelligence demand.

An LSEG SmartEstimate, drawn from 19 analysts, had predicted first-quarter revenue of T$835.66 billion. Taiwan Semiconductor Manufacturing Co (TSMC) is a major supplier to companies including Apple and Nvidia.



($1 = 32.8420 Taiwan dollars) (Reporting by Ben Blanchard and Wen-Yee Lee; Editing by Kim Coghill).