TSMC sales experience a 60% increase: The world’s largest chip manufacturer significantly exceeds revenue growth expectations
due to the high and increasing demand for artificial intelligence chips,
which coincides with the recovery of the consumer electronics sector.
Content:
TSMC’s share reaches its highest levels
TSMC’s share reaches its highest levels
Sales for Taiwan Semiconductor Manufacturing, abbreviated as “TSMC,” jumped 60% in April to NT$236 billion (US$7.3 billion),
driven by ongoing demand for artificial intelligence technologies as the consumer electronics sector begins to recover.
The world’s leading chip manufacturer greatly exceeded expectations this quarter, with sales increasing by 34.3% in March,
thanks to the high demand for artificial intelligence chips.
At the same time, the global smartphone industry saw growth in the first three months of the year,
including the highly competitive Chinese market,
which spurred demand for the traditional mobile chips produced by the Taiwanese company.
“TSMC,” based in Hsinchu, managed to overcome a weak demand for personal electronic devices last year,
which helped increase the acceptance of artificial intelligence chips produced by “Nvidia.”
Now, support for artificial intelligence coincides with growing consumer demand expectations,
despite TSMC’s CEO, C.C. Wei, warning about the pace of any recovery.
The highest rise ever
The company’s share price rose to its highest level ever in April,
as the chip manufacturer occupies a unique position to benefit from the rise of artificial intelligence technologies,
especially as it is the sole manufacturer of Nvidia’s highly advanced training chips.
In addition, TSMC manufactures semiconductors for “Apple,”
which recently announced a new range of “iPad” devices
and “Advanced Micro Devices, ” Nvidia’s main artificial intelligence chip race competitor.
“TSMC” announced on Friday that the company’s board of directors
approved a cash dividend distribution of four Taiwanese dollars per share.
TSMC sales experience a 60% increase