TSMC's August Revenue Rises 33% to NT$250.87 Billion, Second-Highest Monthly Total

Sep 10, 2024, 06:03 AM

Taiwan Semiconductor Manufacturing Company (TSMC) reported a 33% year-on-year increase in revenue for August, reaching NT$250.87 billion (US$7.72 billion). This marks the company's second-highest monthly revenue ever, although it represents a 2.4% decline from July's record high of NT$256.95 billion. The surge in revenue was driven by strong demand for AI chips. Cumulatively, TSMC's sales from January to August totaled NT$1,773.974 billion. The company's August revenue was NT$250.866 billion, reflecting robust performance in the #semiconductors sector.