TSMC Sales Rise on AI Demand: How AI is Driving Semiconductor Growth

Wednesday, 11 September 2024, 03:59

TSMC sales rise significantly due to AI demand, with revenue increasing by 33% year-on-year. The company reported NT$250.87 billion in August, showcasing robust growth. This surge is primarily driven by the booming demand for Nvidia’s AI chips and smartphones, indicating strong market trends.
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TSMC Sales Rise on AI Demand: How AI is Driving Semiconductor Growth

TSMC Sales Surge Thanks to AI Demand

In a remarkable demonstration of the semiconductor industry's resilience, Taiwan Semiconductor Manufacturing Co (TSMC) reported a staggering 33% increase in revenue year-on-year. Sales reached NT$250.87 billion in August 2023, underscoring a significant uptick in demand, particularly from the AI sector.

Key Factors Behind Growth

  • Robust demand for Nvidia’s AI chips significantly contributed to TSMC’s performance.
  • Strong smartphone sales have also played a pivotal role.
  • Market forecasts suggest continued growth driven by AI and tech innovations.

Industry Implications

As companies increasingly integrate AI technologies, the demand for advanced semiconductors is set to rise even further, positioning TSMC for sustained growth. This trending upward trajectory highlights critical shifts in the semiconductor landscape.


This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.


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