TSMC’s May Revenue Surges 40% in Sign of Resilient AI Demand

Taiwan Semiconductor Manufacturing Co., the main chipmaker for Nvidia Corp. and Apple Inc., reported a 40% jump in May revenue after companies stockpiled chips in response to mounting trade uncertainty.

The Hsinchu, Taiwan-based company’s revenue reached NT$320.5 billion ($10.7 billion). That compares with a 48% gain during April. Analysts on average expect a 39% increase in TSMC’s second-quarter sales. While sales in May appeared to be relatively healthy, they dropped 8.3% from April.