Taiwan Semiconductor Manufacturing Co. announced record monthly revenue for August, posting $16.35 billion in sales compared to the prior year’s equivalent period. The figure represented a 53.3% increase year-over-year and a 10.1% rise from the preceding month, marking the fourth consecutive month of revenue growth for the world’s largest contract chipmaker.
The company’s strong performance reflected continued robust demand for chips used in artificial intelligence applications. During its second-quarter earnings presentation in July, TSMC had indicated that AI-related demand remained “extremely robust.” The company reported a more than 77% year-over-year increase in second-quarter profit and provided third-quarter revenue guidance between $44.6 billion and $45.8 billion. The stock closed down 0.61% on Thursday ahead of the revenue announcement.
Industry data released by TrendForce on Wednesday showed TSMC maintained a commanding position in the global foundry market, holding a 72.5% market share during the second quarter. The research firm noted that strong demand for artificial intelligence server processors kept TSMC’s advanced 5-, 4- and 3-nanometer capacity fully booked throughout the quarter. Samsung Foundry ranked second with 5.9% market share, while China’s SMIC held 5.4%.
The world’s top 10 foundries posted combined revenue of nearly $53.49 billion in the second quarter, driven partly by supply constraints affecting advanced processes used in AI and high-performance computing applications. In related developments, TSMC and Dutch chip equipment manufacturer ASML this week announced an initiative to advance the industry’s transition to next-generation chipmaking technology. TSMC stated plans to implement ASML’s High NA technology in large-scale manufacturing for advanced nodes beginning in 2030, with adoption expected to increase as artificial intelligence applications demand more complex transistor architectures.
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