In a recent report, Taiwan Semiconductor Manufacturing Company (TSMC), the world’s leading contract chipmaker, announced a year-on-year increase of 30.1% in its past month’s revenue, reaching $7.1 billion. However, a month-on-month decrease of 2.7% was also observed.
In a concise report on its May revenue, the company stated that it earned $32.8 billion in the first five months of this year. This number is a 27% increase compared with the corresponding period last year, signalling a steady revenue growth and a promising outlook for the company.
Earlier this week, TSMC Chairman C.C. Wei expressed a positive view of the company’s performance this year, forecasting that it would outpace the overall industry growth. However, he did not revise the company’s revenue forecast. Previously in April, it was projected that TSMC’s revenue would grow by 30% in the current quarter compared to the same period last year, and the annual growth for 2024 would be around 21-26%. In contrast, the company expects the overall industry to grow by only 10% by the end of the year.
This post was last modified on 06/07/2024