Taiwan Semiconductor Manufacturing Co. posted a first‑quarter revenue of $35.90 billion, a 35.1% jump year‑over‑year. Net income rose to NT$572.48 billion and diluted EPS hit NT$22.08 (US$3.49 per ADR). Gross margin held at 66.2%, while operating and net profit margins stood at 58.1% and 50.5% respectively.

Advanced nodes drove the surge: 3‑nm wafers contributed 25% of wafer revenue, 5‑nm accounted for 36%, and 7‑nm added 13%. In total, technologies of 7‑nm and below represented 74% of wafer sales, underscoring the market’s appetite for leading‑edge chips used in AI accelerators and high‑performance computing.

CFO Wendell Huang linked the results to “strong demand for our leading‑edge process technologies” and projected Q2 revenue between US$39.0 billion and US$40.2 billion, with gross margins of 65.5%‑67.5% and operating margins of 56.5%‑58.5%. The outlook suggests TSMC will continue to dominate the supply chain for next‑generation devices.