TSMC posts fastest monthly revenue growth since 2022 on AI chip boom

▤ Summary

TSMC displayed on a phone screen and microchip and are seen in this illustration photo taken in Krakow, Poland on July 19, 2023 Taiwan Semiconductor Manufacturing Co. (TMSC) , posted a surge in monthly revenue in March, as it cashed in on a continuing artificial intelligence boom powered by high-end chips. TSMC said March revenue came in at 195.2 billion new Taiwan dollars ($6.1 billion), up 34.3% year-on-year — marking the fastest pace of growth since November 2022. The companys first-quarter revenue totaled 592.6 billon new Taiwan dollars, up 16.5% year-on-year. TSMC is the worlds largest contract semiconductor manufacturer, which makes chips for companies from Apple to Nvidia .

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