TSMC sales rise by most since 2022 on dawn of trade war

The pending upheaval in global trade meant March was a busy month for the world’s largest chip producer.

TSMC’s sales jumped 10% month on month, pushing revenues for the quarter to about $25.5 billion, modestly above analysts’ estimates. Annual sales growth soared by about 42% in Q1, the fastest pace of growth since Q4 2022.

The stock is up more than 4% in premarket trading.

While semiconductors were initially excluded from tariffs, the industry isn’t out of the woods yet. The US Trade Representative has said chips and other industries like pharmaceuticals that have been spared the levies so far “need their own investigations.”

These are just the chipmaker’s monthly sales figures; the full quarterly results are slated for release next week on April 17.

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