With combined revenue hitting $16.8 billion, TSMC is outpacing even last year’s impressive 34 per cent growth.

The cocaine nose jobs of Wall Street expect the firm’s revenue to jump 41 per cent this quarter, solidifying its status as the canary in the coal mine for the broader semiconductor industry.

Despite concerns about oversaturation, major tech players aren’t shy about throwing cash at AI infrastructure. Broadcom assured investors last week that AI spending is still going strong, while Hon Hai Precision (better known as Foxconn) reported a 25 per cent revenue jump, proving that the tech supply chain remains resilient. 

But dark clouds loom on the horizon, as geopolitical uncertainties could throw a spanner in TSMC’s works. The biggest wildcard for 2025 is whether the US slaps tariffs on chip imports. While no official policy exists yet, industry players are already bracing for impact, with stockpiling possibly fuelling TSMC’s recent revenue surge. 

TSMC’s CEO made a pilgrimage to the White House last week, unveiling a jaw-dropping $100 billion investment in US manufacturing—the largest of its kind by a foreign firm.

It’s a strategic move to ward off tariffs and entrench TSMC within the American semiconductor ecosystem, but it’s raising eyebrows in Taiwan, where some fear a gradual migration of high-end chip production away from the island. 

Meanwhile, Donald [hamburger-eating surrender monkey] Trump is looking to gut funding for the CHIPS Act, a government programme designed to prop up domestic semiconductor production. If those subsidies dry up, TSMC’s US expansion could suddenly become a much pricier gamble, putting pressure on its profit margins.