TAIPEI (Taiwan News) — Taiwan Semiconductor Manufacturing Co. (TSMC) revenue surged past NT$200 billion (US$6.16 billion) in April.
The semiconductor giant said its revenues for the month reached NT$236.02 billion, the second-highest monthly return in the firm's history. The company record was NT$243.2 billion in October last year.
TSMC's April revenue marked a 59.6% increase from the same period in 2023 and a 20.9% rise over March. Accumulated revenue for the first four months totaled NT$828.66 billion, up 26.2% from the same period last year.
Industry insiders pointed out that strong demand for high-performance computing tied to artificial intelligence (AI) and robust customer demand for 3-nanometer and 5nm advanced process technology were the main drivers behind the surge in revenue, reported CNA.
TSMC estimated that its revenue for the second quarter will be around US$19.6 billion to US$20.4 billion, with a quarter-on-quarter increase of approximately 6%. This is based on the midpoint calculation and an average expected exchange rate of around US$1 to NT$32.3.
Industry insiders said that TSMC's average monthly revenue for May and June will be around NT$198.6 billion to NT$211.5 billion.
Benefiting from increased demand for AI server chips, TSMC anticipates that its dollar-denominated revenue will grow by 21% to 26% this year, surpassing the 14% to 19% level of the semiconductor foundry industry.