TSMC May revenue grows 30% YoY to NT$229.62 billion; Q2 targets within reach
Benefiting from the expanded orders from AI and High-Performance Computing (HPC) customers, TSMC’s May 2024 revenue remained high at NT$229.62 billion (US$7 billion), a slight decrease of 2.7% from April, but still a significant increase of 30.1% from the same period in 2023. Cumulatively, the first five months’ revenue was NT$1.05 trillion, an annual increase of 27%.
Looking ahead to the second quarter, the pure-play foundry leader believes that even though its results will continue to be affected by the seasonal factors of smartphones, the strong demand for 3nm and 5nm technologies will still support the continued growth of TSMC’s results, and estimates that the second quarter revenue will be around US$19.6 billion to US$20.4 billion, representing a quarterly increase of 3.86 to 8.1%. That would translate to NT$633.08 billion to NT$658.92 billion in local currency, based on the USD-TWD exchange rate of US$1: NT$32.3.