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Taiwan Semiconductor Manufacturing Company (TSMC) reported a 34% year-on-year increase in November revenue, reaching NT$276.06 billion (US$8.63 billion), indicating sustained growth driven by demand for artificial intelligence (AI) chips. Despite this annual growth, revenue decreased by 12.2% compared to October's record, and TSMC needs NT$270.5 billion in December to surpass the high end of its quarterly guidance. Year-to-date revenue rose 31.8% to NT$2.62 trillion. The company remains a key supplier for major tech firms like Apple, Nvidia, and AMD. The month-on-month decline raises questions about the sustainability of the AI-driven growth amid concerns of slowing data center expansion.
TSMC reports ~$8.5B in consolidated revenue for November, up 34% YoY but down 12.2% from Oct.'s record; it projected Q4 revenue up 11%-14% QoQ to $26.1B-$26.9B (Kunal Khullar / Tom's Hardware) https://t.co/svQjbMb1Sf https://t.co/QGzZBLIusZ https://t.co/ZOzeer1FAj
TSMC posts strong year-on-year revenue growth of 34% despite month-to-month slowdown — foundry pulls in $8.5B in revenue for November 2024 https://t.co/41Q3AHrpZ5 https://t.co/0avLT9tJw0
STOCK NEWS: $TSM Sales Drop Raises Concerns for $NVDA Blackwell Chips •TSM Nvidia’s key chip supplier, reported a -12.2% sales decline in October, sparking fears of weakening AI demand. With Nvidia’s stock up this year, the dip raises doubts about the AI 🫧 https://t.co/koTnRTkFQE