Taiwan Semiconductor Manufacturing Co.’s quarterly revenue rose 42% as demand for AI servers and smartphones increased before U.S. tariffs kicked in.
That marked a larger-than-expected increase, and TSMC’s fastest growth since 2022. Electronics manufacturers stockpiled goods in U.S. warehouses in anticipation of potential trade and shipping disruptions, according to Bloomberg.
TSMC is the main chipmaker for Apple Inc. and Nvidia Corp. reported revenue of NT$839.25 billion (USD $25.5 billion) in the first three months of 2025. Analysts expected roughly NT$830.5 billion. The company reports full quarterly earnings next week, along with its outlook for the current quarter, Bloomberg said.
U.S. president Trump’s 90-day pause on higher tariffs, announced yesterday, may mean more stockpiling in the months ahead, which would shore up TSMC’s June quarter, according to Bernstein analysts led by Mark Li. “We think AI demand, despite some recent noises, will still grow notably year-on-year,” they said in a note to investors. Shares of TSMC closed up 9.9% on Thursday after the announcement, Bloomberg said.
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Grab your coffee. Here's what you need to know today.
Today’s Tech, Channel and MSP News
1. Anecdotes's extended Series B: Following its Series B round last year, in which it raised $25 million, Israeli startup Anecdotes has raised an additional $30 million in an extension of that Series B round, bringing the total for the round to $55 million. Since its founding in 2020, Anecdotes has raised $85 million. The initial part of the Series B round was led by Glilot Capital, with participation from Israeli funds Vertex Ventures and Red Dot Capital. The extension funding round was led by the German investment firm DTCP. The company is developing a platform that helps organizations meet regulatory compliance requirements in the cybersecurity field. This sector is heating up due to increased reporting demands and the emergence of new regulations surrounding artificial intelligence.
2. Portnox raises $37.5M: Network security startup Portnox has raised $37.5 million in new funding, the company announced today. Portnox specializes in cloud-native zero-trust access control solutions to help organizations secure their networks, applications, and infrastructure. The company’s platform eliminates the need for on-premises hardware by allowing IT teams to implement robust security measures. Pornox will use the funds to accelerate product innovation and expand market reach.
3. Orca launches Bitbucket app for easy code scanning: Cloud security firm Orca Security announced the Orca Bitbucket App, a cloud-native integration for MSSPs, IT and security teams, and developers to scan Bitbucket repositories. The new capability enables automatic scans of Bitbucket repositories for misconfigurations, exposed secrets, and vulnerabilities without disrupting developer workflows, allowing users to improve application delivery pipeline security without slowing down development processes.
4. Evergreen acquires High Touch Technologies: Platform MSP Evergreen this week announced the acquisition of High Touch Technologies' Acumatica practice. The specialized sector of the technology solutions provider will be integrated into i-Tech Support, which Evergreen acquired in January 2024, and will operate under Pine Services Group, Evergreen's dedicated ERP vertical.
5. VixulCon 2025: VixulCon is an annual conference gathering veteran technology services and consulting firm founders who created a combined exit value of over a billion dollars, high-growth Vixul portfolio companies, SMEs, and investors. Vixul is a portfolio of emerging tech services firms. The event first launched in 2023 as part of Vixul's mission to build the ecosystem for emerging tech services companies. This year, the event will take place in Austin, Texas, from April 15-16.
