(Il Sole 24 Ore Radiocor) - Milano, 17 apr - Taiwan Semiconductor Manufacturing Company (TSMC) said its consolidated revenue rose an annual 41.6% to 839.25 billion new Taiwan dollars but fell 3.4% from the fourth quarter.

Net income rose an annual 60.3% but fell 3.5% from the fourth quarter to 361.56 billion new Taiwan dollars, and diluted earnings per share rose 60.4% annually to 13.94 dollars.

In US dollars, first quarter revenue rose an annual 35.3% to 25.53 billion but decreased 5.1% from the previous quarter.

The gross margin for the quarter was 58.8%, operating margin was 48.5%, and net profit margin was 43.1%.

In the first quarter, shipments of 3-nanometer accounted for 22% of total wafer revenue; 5-nanometer accounted for 36%; 7-nanometer accounted for 15%. Advanced technologies, defined as 7-nanometer and more advanced technologies, accounted for 73% of total wafer revenue.

'Our business in the first quarter was impacted by smartphone seasonality, partially offset by continued growth in AI-related demand,' said Wendell Huang, senior VP and chief financial officer of TSMC. 'Moving into second quarter 2025, we expect our business to be supported by strong demand for our industry-leading 3nm and 5nm technologies. While we have not seen any changes in our customers' behavior so far, uncertainties and risks from the potential impact from tariff policies exist.' Based on the company's current business outlook, management expects its second quarter revenue to be between 28.4-29.2 billion US dollars. Based on the exchange rate assumption of 1 US dollar to 32.5 NT dollars, the gross margin is seen at.

57-59% and the operating profit margin at 47-49%.

(RADIOCOR) 17-04-25 11:20:58 (0286) 5 NNNN