Taiwan Semiconductor Manufacturing Co. (TSMC), the world’s largest chipmaker, saw its revenue climb significantly in the first two months of the year, signaling robust demand for the high-performance chips that power artificial intelligence development. The company’s strong performance suggests a continued boom in the AI sector.
TSMC reported combined revenue of NT$553.3 billion ($16.8 billion) for January and February. This represents a 39% increase compared to the same period last year. This growth rate is a notable acceleration from the 34% revenue growth achieved during the full year of 2024.
Analysts, on average, are projecting a growth of roughly 41% for the current quarter. The strong performance is largely attributed to the sustained demand for chips used in AI applications, particularly those manufactured for Nvidia Corp. Nvidia’s chips are critical components in AI development, and TSMC is a primary manufacturer for these advanced semiconductors, driving demand and boosting sales. The ongoing demand shows the resilience of the AI market.
