The largest contract chip manufacturer, the Taiwanese company TSMC, has just now summed up its financial results for August, and they suggest that monthly revenue increased by 33% year-on-year to $7.8 billion, although it decreased by 2.4% on a sequential basis. To some extent, such dynamics help to dispel the fears of investors who were afraid of a decrease in demand for components for AI systems.
Image Source: TSMC
If we take into account the entire period from the beginning of the year to August inclusive, then TSMC was able to increase revenue this year by 30.8% to $55 billion. At the quarterly reporting event in July, company management said that based on the results of the third quarter it expects to increase revenue by 37% in annual comparison. At the same time, in July it grew by a solid 45%, in August the growth rate decreased to 33%, but this still allows the company to count on “exceeding the plan” based on the results of the entire third quarter, from which only September remains. Moreover, this month a major client, Apple, will present its new products, which need to be produced in large quantities before sales begin.
Bernstein analysts expect that if this September’s financial results are in line with the seasonal trends of the previous eight years, then third-quarter revenue as a whole could be about 5 to 6 percent higher than TSMC’s own expectations. More than half of TSMC’s total revenue now comes from the sale of components for high-performance computing, which include accelerators for artificial intelligence systems. In July, company management said that TSMC’s revenue could grow by more than 25% for the entire current year.