TSMC's Q1 revenue surges to $35.71 billion, driven by unprecedented AI chip demand and surpassing analyst expectations by nearly $600 million.

TSMC reported T$1.134 trillion ($35.71 billion) in Q1 revenue, representing a 35% year-over-year increase

Results exceeded LSEG SmartEstimate of T$1.125 billion from 20 analysts and fell within the company's January guidance range of $34.6-$35.8 billion

Strong performance driven by surging global interest in artificial intelligence applications and AI-related chip demand

TSMC remains the world's largest contract chipmaker, solidifying its position in the booming AI semiconductor market