Taiwan Semiconductor Manufacturing Co. posted a NT$276.1 billion ($8.7 billion) revenue in November, marking a 34% surge from a year earlier, as artificial intelligence computing demands continue to fuel chip orders.
The world’s largest contract chipmaker saw its monthly sales decline 12.2% from October, yet maintained robust growth trajectory with January-November revenue reaching NT$2.61 trillion ($82.3 billion), up 31.8% year-over-year.
TSMC’s strong performance stems largely from sustained orders for Nvidia’s AI processors. Industry sources indicate production of Nvidia’s GB200 chips began in November, with initial shipments starting after final testing. Volume production is expected to ramp up in the first quarter of 2024.
Market analysts project TSMC’s fourth-quarter revenue to reach $26.1-26.9 billion, suggesting a sequential growth of up to 14.5%. They note that production of Nvidia’s upcoming B300 chip series, slated for mid-2024, will maintain high utilization rates at TSMC’s advanced nodes.
The chipmaker’s advanced manufacturing capacity is expected to remain tight through the first half of 2025, reflecting persistent strong demand for AI-related semiconductors.
