Riding the AI ​​hype, TSMC’s revenue jumped 34% in November

Taiwanese contract chip manufacturer TSMC has already reported its November results in monetary terms. The company’s revenue increased year-on-year by 34% to $8.5 billion, although it declined 12.2% sequentially. In total, since the beginning of the year, TSMC was able to increase revenue by 31.8% to $80.6 billion.

Image Source: TSMC

As Bloomberg notes, the first two months of the fourth quarter collectively allowed TSMC to increase revenue by 31.4%, and in total, based on the results of the three-month period, it could increase by 36.3%, based on analysts’ forecasts. TSMC shares are up about 80% so far this year as investors recognize the company as one of the beneficiaries of the so-called artificial intelligence boom. The company produces components for computing accelerators from the same Nvidia, which is rapidly increasing revenue and profit thanks to such a demand environment.

However, TSMC’s share in the contract market is estimated by TrendForce specialists at approximately 65%, so the company’s dominance in this segment is not yet threatened. Attempts by Intel and Samsung to become one of the two largest contract chip manufacturers in the world by the end of the decade have not yet achieved their goal, since the former is currently in a difficult phase of business restructuring and recently lost its CEO, and the latter is reducing revenue from the provision of core services even while the overall favorable market conditions remain market.