TSMC Revenue Jumps in Q1, Topping Expectations Amid AI-Fueled Demand Boom

Key TakeawaysTaiwan Semiconductor Manufacturing Company said that revenue in March jumped 34% from the year-ago month. Quarterly revenue increased 17%, coming in higher than analysts' expectations.TSMC has seen an increase in demand for its semiconductors due to the boom in demand for artificial intelligence products and rising crypto prices.The company's stock, which was already trending upward this week after it announced it would receive up to $6.6 billion in direct federal funding to expand a facility i ...