AsianFin -- Taiwan Semiconductor Manufacturing Co. posted a 48% surge in April revenue, reflecting a global rush by electronics makers to secure chips ahead of new U.S. tariffs.

The world’s largest contract chipmaker, which supplies Apple Inc. and Nvidia Corp., reported NT$349.6 billion ($11.6 billion) in sales for the month. The figure outpaced expectations and points to a stronger-than-anticipated second quarter, where analysts had forecast a 38% gain.

The latest wave of U.S. tariffs has forced economists to revise global growth projections and raised uncertainty around demand for everything from iPhones to data center infrastructure. Despite the broader concerns, TSMC — widely seen as a bellwether for global tech demand — says appetite for its chips remains solid, particularly for Nvidia’s advanced processors that power artificial intelligence systems.