NVIDIA Supplier Taiwan Semiconductor Is Winning The AI Chip War — And The CEO Just Told Intel, Tesla Why

On Thursday, Taiwan Semiconductor Manufacturing Co. Ltd.'s (NYSE:TSM) first-quarter results beat forecasts, fueled by demand for advanced processor node technologies for artificial intelligence applications.

The contract chipmaker, a key supplier of chips for NVIDIA Corp. (NASDAQ:NVDA) GPUs and Apple Inc. (NASDAQ:AAPL) devices, forecast second-quarter revenue above analyst expectations.

Taiwan Semiconductor reported first-quarter revenue of $35.898 billion ($1.13 trillion New Taiwan dollars), up 35.1% year-over-year, topping the analyst consensus estimate of $35.500 billion.

Net income and earnings per share were 572.48 billion New Taiwan dollars and 22.08 New Taiwan dollars per share ($3.49), respectively, versus the analyst consensus of $3.31.

In dollar terms, revenue growth was 40.6% Y/Y and 6.4% Q/Q. The top-line performance aligned with the company's guidance of $34.6 billion-$35.8 billion.

The company generated $22.1 million in operating cash flow for the quarter. It held $105.5 billion in cash and equivalents as of March 31, 2026.

The company said that 3-nm accounted for 25% of total revenue, 5-nm accounted for 36%, and 7-nm accounted for 13%. 7-nm and more advanced technologies accounted for ...

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