TSMC, the largest contract chipmaker globally, surpassed market expectations by reporting first-quarter revenue of T$839.25 billion ($25.55 billion) on Thursday. The company is benefiting from the growing demand for artificial intelligence. Analysts, utilizing an LSEG SmartEstimate from 19 experts, had predicted first-quarter revenue to be T$835.66 billion. TSMC plays a significant role as a supplier to prominent companies such as Apple and Nvidia. The exchange rate at the time was $1 = 32.8420 Taiwan dollars. The article was written by Ben Blanchard and Wen-Yee Lee and edited by Kim Coghill.