Chip stocks gained on Friday. Microchip soared 13%; Marvell, SOXL up more than 4%; Texas Instruments up 3%; TSMC up 2%; Super Micro up 1.4%.

Taiwan Semiconductor Manufacturing Co.’ s revenue jumped 48% in April, underscoring how electronics firms scrambled to acquire essential components before global tariffs took effect.

The main chipmaker for Apple Inc. and Nvidia Corp. reported monthly sales of NT$349.6 billion ( $11.6 billion ) . That compares with the average analysts ’ estimate for a 38% rise in second-quarter revenue.

The Trump administration ’ s trade war is prompting economists to retool GDP forecasts worldwide, casting doubt over the outlook for everything from iPhone demand to computing and datacenter construction. But TSMC — a barometer for global tech spending given its central role in the supply chain — has stressed that demand remains resilient, including for the high-end Nvidia chips critical to developing artificial intelligence.

Additionally, chipmaker Microchip Technology forecast first-quarter revenue and profit above estimates following an upbeat fourth-quarter revenue on Thursday, signaling a recovery in demand for its chips.

The positive forecast indicates a turnaround after a prolonged industry slump, as chip inventories, stockpiled during the pandemic to offset supply chain disruptions, are now gradually being cleared.

"We expect even more substantial inventory reduction in the June quarter as our manufacturing optimization actions are near completion," said Chief Executive Officer Steve Sanghi.

Microchip said it is expanding its atomic clock technology, enhancing its microprocessors, and broadening its ethernet solutions used in automotive and industrial applications.

The company is well positioned to tap into opportunities across the automotive, industrial and e-mobility markets, while helping customers accelerate their development cycles.