STORY: :: TSMC
The world's largest contract chipmaker, TSMC, saw first-quarter revenue surge 35% thanks to the AI boom.
Revenue from January-March hit $35.7 billion, beating market forecasts on surging interest in artificial intelligence applications.
Friday's results are in line with TSMC's January guidance of up to to $35.8 billion on its last earnings call.
The tech titan will report full first-quarter earnings on April 16, including an updated current quarter and full year outlook.
The company has been a major beneficiary of advances in AI.
That boom has more than offset a tapering-off in pandemic-led demand for chips used in consumer electronics like tablets.
TSMC's customers include Nvidia and Apple.
:: TSMC
Its shares closed up more than 2% on Friday.
