TSMC, the world’s largest contract semiconductor manufacturer, has announced revenue of NT$207.869 billion (US$6.738 billion) in June this year, an increase of 32.9% compared to the same period in 2023. The company’s revenue for the first six months of 2024 grew 28% year-on-year to NT$1.26 trillion (US$40.824 billion), driven by strong demand for its most advanced semiconductor manufacturing and CoWoS packaging processes and technologies for AI server, high-performance computing systems, and smartphones.
Industry analysts are speculating that TSMC will raise its full-year sales revenue forecast from 26% to 30% during its upcoming conference on July 18 with the industry peak season now in full swing and substantial orders from AMD, Apple, Broadcom, Intel, MediaTek, Nvidia, Qualcomm, and other leading industry players in the pipeline.
TSMC briefly surpassed US$1 trillion in market capitalization earlier this week after Morgan Stanley boosted price targets for the company’s shares and ADRs. Despite competition from Intel and Samsung, TSMC is strongly positioned to maintain and perhaps even extend its market and leadership with its deep customer base, comprehensive ecosystem, and cutting-edge technology.
Long time technology industry fan here in Taiwan.
