TSMC, the world’s largest contract chip manufacturer, has announced revenues of NT$229.62 billion (US$7.1 billion at an exchange rate of 1 US dollar to NT$32.3) in May this year, a decrease of 2.7% compared to April but an increase of 30.1% compared to the same period in 2023. The company’s accumulated revenue for the first five months of this year was NT$1.05 trillion (US$32.51 billion), a year-on-year increase of 27%.
TSMC’s results come on the last day of the most successful Computex in many years. Although the company did not have a booth at the show, its presence was felt throughout the event, most notably during keynotes by the CEO’s of Nvidia, AMD, Intel, and MediaTek. Nvidia CEO and founder Jensen Huang was particularly effusive in his praise of the company, stating at a press event on Tuesday “we build in Taiwan because TSMC is so good; it is not normal good.”
“We can build very complicated things at very high volume at very high speed with TSMC,” Huang added in a separate remark. “This is not normal, and you can’t just randomly ask somebody else to do it.”
The Nvidia CEO also praised the entire Taiwan technology industry ecosystem as rich with “amazing companies doing amazing things” upstream and downstream of TSMC, including chip making, packaging, testing, assembly and logistics.
The estimated revenue for TSMC in the second quarter of 2024 is around US$20 billion driven by strong demand for its 3nm and 5nm process technologies adopted by customers such as Nvidia, Apple, and Intel for their cutting-edge server, PC, and smartphone chips.
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