Taiwan Semiconductor Manufacturing Co. (TSMC) reported a robust 39.6% year-over-year increase in September revenue, signaling continued strength in the global semiconductor market. The world’s largest contract chipmaker posted revenue of NT$251.87 billion (US$7.9 billion) for the month, a slight 0.4% uptick from August.
The company’s performance underscores the persistent demand for advanced chips used in artificial intelligence, high-performance computing, and 5G applications. TSMC’s dominance in cutting-edge semiconductor manufacturing has positioned it to capitalize on these growing markets.
For the first nine months of 2024, TSMC’s revenue reached NT$2.03 trillion (US$63.8 billion), marking a 31.9% increase compared to the same period last year. This growth trajectory suggests that the company is successfully navigating supply chain challenges and geopolitical tensions that have impacted the tech industry.
Despite the positive numbers, analysts will be watching closely for any signs of softening demand or increased competition in the high-stakes chip manufacturing arena. TSMC’s upcoming quarterly results will provide further insight into the company’s outlook amid evolving market dynamics.
