Taiwan Semiconductor Manufacturing Co. (TSMC) smashed expectations with a 40% year-over-year revenue jump in May. The chip giant’s AI chip orders are still blazing hot.
May revenue hit NT$320.52 billion ($10.7 billion), up 39.6% from last year but down 8% from April. For January through May, revenue climbed nearly 43% to NT$1.51 trillion.
TSMC supplies Apple, Nvidia, and other major tech players. U.S.-listed shares are up more than 2% in premarket, gaining 5% so far this year. 
TSMC CEO C.C. Wei reaffirmed the company’s massive U.S. chip fab investment plan, aiming to pour $100 billion into American manufacturing.
He also reiterated the forecast for full-year 2025 revenue growth of close to the mid-20% range in U.S. dollars.
TSMC CEO C.C. Wei stated in April’s earnings call:
"Full-year 2025 revenue to increase by close to mid-20s percent in U.S. dollar terms."
