TSMC’s sales stayed strong throughout 2024, lifting AI optimism
December sales at TSMC, the world’s leading foundry, exceeded expectations at NT$278.16 billion (about US$8.44 billion) sending AI stock prices higher.
The sales were flat sequentially but 57.8 percent higher compared with December 2023. This took TSMC’s annual revenue for 2024 to NT$2,894.31 billion (about US$87.80 billion), an increase of 33.9 percent.
The exceptional figures have largely driven by demand for TSMC’s leading-edge manufacturing processes of 7nm or lower geometry for AI computing and from customer Nvidia in particular.
Although TSMC has extensive trailing-edge capability it faces broad competition and probably oversupply in that area to service markets that suffering from weak demand and high inventories.
Fellow Taiwanese foundry UMC achieved December sales of NT18.97 billion (about US$575 million), up 11.7 percent on the same month a year before. UMC addresses the trailing-edge market for power, analog, mixed-signal and sensor ICs. A good final month of the year lifted the company’s annual sales to NT$232.30 billion (about US$7.05 billion). But, illustrating the difference between the foundries, UMC’s sales are much smaller and were up 4.4 percent on 2023.
Related links and articles:
News articles:
TSMC’s November sales up by 34 percent year-on-year
TSMC sales climb again in October
TSMC ramps profits in Q3 as 3nm sales surge
September foundry sales: a tale of differing fortunes
If you enjoyed this article, you will like the following ones: don't miss them by subscribing to :
