TSMC reported revenue of 514.8 billion New Taiwan dollars for August, marking a 53.3% increase year-over-year and a 10.1% rise from July.
This growth is attributed to robust demand for chips used in artificial intelligence applications, which TSMC noted during its second-quarter earnings call as being 'extremely robust.' The company has seen its monthly revenue increase for four consecutive months and reported a significant profit increase of over 77% year-on-year in the second quarter.
For the third quarter, TSMC forecasts revenue between $44.6 billion and $45.8 billion. TSMC maintains a commanding 72.5% market share in the global foundry market, far ahead of competitors like Samsung Foundry and China's SMIC.
The overall foundry market is also thriving, with the top ten foundries achieving record combined revenue of nearly $53.49 billion in the second quarter, driven by demand for advanced AI and high-performance computing processors.
Additionally, TSMC and ASML have announced plans to collaborate on next-generation chipmaking technology, with TSMC set to adopt ASML's High NA technology for large-scale manufacturing by 2030, further positioning itself to meet the growing complexity of AI applications