TSMC Reports Record August Revenue Amid Strong Demand for AI Chips
Taiwan Semiconductor Manufacturing Co (TSMC) reported record monthly revenue of NT$514.8 billion in August, marking a 53.3% increase year-on-year and a 10.1% rise from July. The surge was driven by robust demand for chips used in artificial intelligence applications, which kept TSMC's advanced manufacturing capacity fully booked during the quarter. TSMC maintained its leading position in the global foundry market with a 72.5% share in Q2 according to TrendForce data. Despite strong revenue growth and profit performance—its second-quarter profits rose over 77% year-on-year—the company's shares closed slightly lower ahead of the release. The chipmaker also announced plans to adopt ASML’s High NA technology for large-scale manufacturing by 2030, aiming to meet increasing complexity demands from AI applications.
Topics: AI demand foundry market semiconductors