TSMC’s quarterly report practically opened the season of financial statistics for participants in the semiconductor products market in the middle of last month, and now the Taiwanese company already has data for July. The revenue of the largest contract chip manufacturer for the corresponding month grew by almost 45% year-on-year to $7.9 billion in exchange rate terms.

Image Source: TSMC

Consecutive revenue growth compared to June of this year was 23.6%, which indicates high demand for TSMC’s contract manufacturing services for chips. In addition to the seasonal rise, which is stimulated by preparations for the announcement of new smartphones and PC processors in the fall, similar dynamics in TSMC’s revenue in July could have been ensured by the continued high demand for components for artificial intelligence systems.

If we consider the period from January to July inclusive, TSMC’s revenue since the beginning of this year has grown by 30.5% to $47 billion year-on-year. Analysts expect the company’s third quarter to see a 37% increase in revenue to $23 billion, so the first month of the period lays a good foundation for achieving this forecast. For the entire current year, TSMC expects an increase in revenue of more than 25%. It is too early to say that demand for semiconductor components may fall in the current quarter due to macroeconomic uncertainty or the “overheating” of the artificial intelligence segment.

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