It is generally accepted that the observed boom in artificial intelligence systems generally has a positive effect on the financial performance of TSMC, which is the largest contract chip manufacturer, but October statistics showed a slowdown in revenue growth to its lowest level since February.
Image Source: TSMC
In any case, revenue growth of 29.2% year-on-year to $9.8 billion can hardly be called a weak result. Another thing is that from March to September inclusive, TSMC’s revenue grew in annual comparison monthly by more than 30%. Analysts cited by Bloomberg expect TSMC’s revenue to grow by 36.1% in the fourth quarter as a whole, so the October drawdown in growth rates as a whole should not harm quarterly dynamics.
On a sequential basis, TSMC’s October revenue grew 24.8%. In just ten months of this year, the company was able to increase revenue by 31.5% compared to the same period in 2023. This year, TSMC expects to increase revenue by 30%, although three months ago it limited its growth forecast to 25%. The company plans to keep capital expenditures between $30 and $32 billion, but will inevitably increase them next year. In the current quarter, the manufacturer expects revenue from $26.1 to $26.9 billion.
Chinese company XPeng has unveiled the MONA M03 Max, a car with an AI-powered autonomous…
The developers of the post-apocalyptic action game Stellar Blade from the South Korean studio Shift…
Played on PC Over the last couple of years, the Diabloid subgenre has clearly entered…
Less than a day has passed since the release of the cooperative roguelike action game…
According to Windows Central, Microsoft has postponed development of its own portable gaming console with…
Developers from the American AdHoc Studio, founded by former Telltale Games, Ubisoft and Night School…