Image Credits - CNBC
Taiwan Semiconductor Manufacturing Co. (TSMC) has recently shattered its revenue records, boasting an impressive surge past NT$200 billion (U.S.$6.16 billion) in April, marking its second-highest monthly return in history. The semiconductor behemoth reported April revenues of NT$236.02 billion, falling just shy of its pinnacle set in October last year at NT$243.2 billion.
This remarkable uptick represents a substantial 59.6% leap from the same period in 2023, with a notable 20.9% rise over March figures. TSMC’s cumulative revenue for the initial four months of the year soared to NT$828.66 billion, indicating a robust 26.2% uptick compared to the corresponding period last year.
The driving forces behind TSMC’s staggering revenue upswing are attributed to robust demand for high-performance computing, particularly linked to artificial intelligence (AI), alongside vigorous customer appetites for 3-nanometer and 5nm advanced process technology.
Forecasts for the second quarter remain bullish, with TSMC estimating revenues in the ballpark of U.S.$19.6 billion to U.S.$20.4 billion, indicating a quarter-on-quarter increase of approximately 6%. Industry insiders project TSMC’s average monthly revenue for May and June to hover between NT$198.6 billion to NT$211.5 billion.
With the escalating demand for AI server chips, TSMC anticipates a substantial 21% to 26% growth in dollar-denominated revenue for the fiscal year, outstripping the projected 14% to 19% expansion rate for the semiconductor foundry industry at large.