TAIPEI (Taiwan News) — TSMC reported consolidated revenue of NT$416.98 billion (US$13.9 billion) in May, up 30.1% from a year earlier.
May's revenue also surpassed the previous monthly record set in April by 1.5%. The strong performance reinforced analyst expectations that demand for advanced semiconductor technologies will help the company achieve record second-quarter results, per CNA.
TSMC has forecast second-quarter revenue of about US$40.2 billion, representing a 10% increase from the previous quarter and a 32% rise year-over-year.
The world's largest contract chipmaker has benefited from surging demand for advanced processors used in AI applications. The trend that has fueled rapid growth across the semiconductor industry.
Speaking at the company's annual shareholders meeting on Thursday, TSMC CEO C.C. Wei (魏哲家) said demand for AI chips is expected to outpace supply for years to come, indicating that production capacity remains a major industry constraint, per Bloomberg.
Wei added that even as TSMC expands manufacturing capacity in the US, the company is unlikely to fully satisfy customer demand in the US market over the next several years.
