Taiwan Semiconductor Manufacturing Company Limited (TSM) Q1 2025 Earnings Call Transcript


Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) Q1 2025 Earnings Conference Call April 17, 2025 2:00 AM ET

Company Participants

Jeff Su – Director of Investor Relations
Wendell Huang – Senior Vice President of Finance and Chief Financial Officer
C.C. Wei – Chairman and Chief Executive Officer

Conference Call Participants

Gokul Hariharan – JPMorgan Chase & Co.
Bruce Lu – Goldman Sachs Group, Inc.
Charlie Chan – Morgan Stanley
Charles Shi – Needham & Company
Sunny Lin – UBS
Brett Simpson – Arete Research
Laura Chen – Citigroup Inc.
Sreekrishnan Sankarnarayanan – TD Cowen

Jeff Su

Good afternoon, everyone, and welcome to TSMC’s First Quarter 2025 Earnings Conference Call. This is Jeff Su, TSMC’s Director of Investor Relations and your host for today.

TSMC is holding our earnings conference call via live audio webcast through the Company’s website at www.tsmc.com, where you can also download the earnings release materials. If you are joining us through the conference call, your dial-in lines are in listen-only mode.

The format for today’s event will be as follows: First, TSMC’s Senior Vice President and CFO, Mr. Wendell Huang, will summarize our operations in the fist quarter 2025, followed by our guidance for the second quarter 2025. Afterwards, Mr. Huang and TSMC’s Chairman and CEO, Dr. C.C. Wei, will jointly provide the Company’s key messages. Then we will open the line for questions and answers.

As usual, I would like to remind everybody that today’s discussions may contain forward-looking statements that are subject to significant risks and uncertainties, which could cause actual results to differ materially from those contained in the forward-looking statements. Please refer to the safe harbor notice that appears in our press release.

And now, I would like to turn the call over to TSMC’s CFO, Mr. Wendell Huang for the summary of operations and the



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