TSMC Recorded Growth in Nine Consecutive Quarters

Taiwan Semiconductor Manufacturing Co. had a ninth consecutive quarter of nearly 30% growth. TSMC's full-year sales are on target to reach a record TWD3 trillion ($9.2 billion).

Sales in November rose 34% to TWD276.1 billion, and revenue for the first 11 months of the year increased 31.8% to TWD2.6 trillion. The contract chipmaker is benefitting from soaring demand for AI-capable products.

Data from research company TrendForce showed TSMC increased its lead in the global foundries sector during Q3, taking a 64.9% share compared with 57.9% in the same period of 2023, with revenue up 36% to $23.5 billion. TSMC’s sales in 2023 fell 4.5% to TWD2.2 trillion but turned around in early 2024.