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Taiwan Semiconductor Manufacturing Company (TSMC) reported a significant increase in revenue for May 2024, driven by strong demand for artificial intelligence and a recovery in consumer electronics. The company's revenue rose 30.1% year-on-year to NT$229.62 billion (US$7.11 billion), marking the third highest monthly level ever. However, this figure represents a 2.7% decline from April. For the period from January to May 2024, TSMC's revenue increased by 27.0% year-on-year, totaling NT$1.06 trillion. May sales rose 30% to $7.1 billion. From January to May 2024, revenue totaled NT$1,058.29 billion.
TSMC reported May 2024 net revenue of NT$229.62 billion, down 2.7% from M/M but up 30.1% Y/Y. From January to May 2024, revenue totaled NT$1,058.29 billion, 27.0% Y/Y https://t.co/fmHG0ZXZhN
$TSM reported a 30% YoY revenue increase in May, reaching NT$229.62B, despite a 2.7% MoM drop. TSMC YTD (Jan-May) revenue rose 27% YoY to NT$1.06T
TSMC's May sales rose 30% to $7.1 billion, helped by booming demand for artificial intelligence and a recovery in some consumer electronics https://t.co/CqFR9Axpc6