Taiwan Semiconductor Manufacturing Co. (TSMC) has recently publicized impressive financial figures for the month of March, showcasing a revenue of 195.2 billion new Taiwan dollars ($6.1 billion), demonstrating a remarkable year-on-year growth of 34.3%. This leap can be directly linked to the escalated demand for high-end chips instigated by the ongoing artificial intelligence (AI) rush.
TSMC’s total revenue for the first quarter accumulated to 592.6 billion new Taiwan dollars, a notable year-on-year surge of 16.5%. Regarded as the globe’s leading contract semiconductor manufacturer, TSMC is eminent for fabricating chips for prominent entities such as Apple and Nvidia.
The burgeoning prominence of the AI sector has greatly contributed to TSMC’s recent accomplishments. Semiconductors, including those engineered by Nvidia, are playing a pivotal role in the evolution and implementation of AI applications. Furthermore, the domain has become more competitive with players like AMD and Intel stepping in the arena with their AI chips. Despite the competition, TSMC persists in producing AI chips for various startups striving to carve a niche for themselves in the sector.
Investors have responded affirmatively to TSMC’s performance, driving a substantial nearly 40% jump in the company’s shares since the inception of the year. This surge mirrors their optimism regarding the sustained demand for AI chips. TSMC itself envisions a robust 50% annual expansion in its AI revenue. Experts, based on consensus estimates from LSEG, prophesy a 23.7% overall growth in revenue for TSMC this year, recuperating from a setback in 2023.
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The source of the article is from the blog procarsrl.com.ar