Investing.com--Taiwan Semiconductor Manufacturing Co (TSMC) (TW: 2330 ) on Thursday posted a sharp jump in March revenues, driven by robust demand for advanced chips and AI-related applications.

Revenue for March came in at NT$285.96 billion ($8.71 billion), a 46.5% jump from NT$195.21 billion ($5.94 billion) in the previous year. March revenues were also up 10% from February,

For the first quarter ended March, revenue totaled NT$839.25 billion, a 41.6% increase compared to the same period in 2024, according to the company’s statement.

The report comes amid heightened global trade tensions sparked by U.S. tariffs. TSMC is a major supplier to Apple Inc (NASDAQ: AAPL ) and NVIDIA Corporation (NASDAQ: NVDA ).

President Donald Trump announced a 90-day tariff pause for most trading partners—excluding China. This temporary relief helped calm global markets, but increased 125% tariffs on China raised concerns over supply chain disruptions and geopolitical headwinds.

Taipei-listed TSMC shares jumped by their daily limit of 10% on Thursday.