TSMC first-quarter profit tops estimates, rising 60%, but Trump trade policy threatens growth
1. TSMC beat Q1 profit expectations, driven by AI chip demand. 2. Net income rose 60.3%, while revenue increased 41.6% year-over-year. 3. Trade tariffs and export controls pose significant risks to TSMC. 4. TSMC plans $100 billion investment in the U.S. to diversify supply chains. 5. Key clients like AMD and Nvidia are ramping up production in TSMC facilities.