Taiwan Semiconductor Manufacturing Co. (TSM), the world’s largest contract manufacturer of microchips and processors, has reported record revenue.
The company, known as TSMC, said that its revenue in August rose 53% year-over-year to $514.8 billion New Taiwan dollars ($16.35 billion U.S.).
The revenue figure in August was up 10% from July of this year as demand for the microchips and semiconductors that power artificial intelligence (A.I.) applications continues to soar.
TSMC’s monthly revenue has now risen for four consecutive months.
The company, whose clients include U.S. technology giants such as Nvidia (NVDA) and Apple (AAPL), said recently that A.I.-related demand continues to be “extremely robust.”
TSMC continues to dominate the global microchip foundry market, with a 72.5% market share, according to new data from market research firm TrendForce.
The world’s top 10 microchip foundries, or manufacturers, posted record combined revenue of $53.49 billion U.S. in this year’s second quarter.
Separately, TSMC and Dutch chip equipment giant ASML (ASML) recently announced plans to advance the industry’s transition to next generation chipmaking technology.
TSMC said it will use ASML’s technology in large-scale manufacturing for advanced nodes starting in 2030, with adoption expected to increase as A.I. requires more complex transistors.
TSM stock has risen 67% over the last 12 months to trade at $435.36 U.S. per share.
Tech Insider
