【Industry News】TSMC Achieved Its Highest-Ever February Sales, Reaching $5.7 billion

March 15, 2024

In February, TSMC, the world's largest contract chipmaker, achieved a record-high revenue of $5.7 billion, marking an 11.3% increase compared to the same period last year. The total revenue for January and February this year reached approximately $12.6 billion, also setting a new high for the same period and reflecting a 9.4% increase from the previous year. 

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Image Source:TSMC

Fueled by demand from smartphones, notebooks, and AI-related HPC, TSMC saw a rise in wafer shipments, resulting in a 14% surge in revenue to reach $19.66 billion in the fourth quarter of 2023.

TSMC is accelerating its expansion plans.Its majority-owned manufacturing subsidiary in Kumamoto Prefecture, Japan, is set to build a second fab, with plans for it to begin operation by the end of the 2027 calendar year.

Market research provider  TrendForce anticipates that despite facing challenges such as a weak global economy and a slow market recovery, in 2024, TSMC, benefiting from steady advanced process orders, is positioned to far exceed the industry average in growth.

Disclaimer: This article is provided for general information and reference purposes only. The opinions, beliefs, and viewpoints expressed by the author of this article do not necessarily reflect the opinions, beliefs, and viewpoints of Cytech Systems or official policies of Cytech Systems.

 

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