TSMC August Revenue Hits Record High, Up 53.3% on AI Demand
TSMC's August revenue reached a record NT$514.8 billion, up 53.3% year over year, as AI demand kept advanced chip capacity tight.
The world's largest contract chipmaker recorded revenue of NT$514.8 billion for August, up 10.1% from July. The result marked the company's fourth consecutive month of revenue growth. TSMC shares closed 0.61% lower on Thursday before the revenue release.
During its second-quarter earnings call in July, TSMC said AI-related demand continued to be "extremely robust." The Taiwanese company reported a more than 77% year-on-year jump in second-quarter profit and forecast third-quarter revenue between $44.6 billion and $45.8 billion.
TSMC retained its dominance in the global foundry market, with a 72.5% share in the second quarter, according to TrendForce data released Wednesday. Strong demand for AI server processors kept TSMC's advanced 5-, 4- and 3-nanometer capacity fully booked during the quarter, the research firm said.
Samsung Foundry ranked second with a 5.9% share, followed by China's SMIC at 5.4%. The world's top 10 foundries posted record combined revenue of nearly $53.49 billion in the second quarter, driven in part by supply constraints for advanced processes used in AI and high-performance computing processors.
Separately, TSMC and Dutch chip equipment giant ASML announced this week an initiative to advance the industry's transition to next-generation chipmaking technology. TSMC said it plans to use ASML's High NA technology in large-scale manufacturing for advanced nodes starting in 2030, with adoption expected to increase as AI applications require more complex transistor architectures.