TSMC July Sales Up 45%... Strong Demand for AI Chips

Thanks to strong demand for artificial intelligence (AI) chips, the world's largest foundry company TSMC's July sales increased by 45%, Bloomberg reported on the 9th.

TSMC's July sales recorded 256.9 billion Taiwan dollars (approximately 10.8258 trillion Korean won).

[Image source=Reuters Yonhap News]

Earlier, analysts forecasted that TSMC's third-quarter revenue would increase by 37% to 747.4 billion Taiwan dollars (approximately 31.4954 trillion Korean won). Bloomberg explained that TSMC's July performance suggests it could exceed the securities industry's third-quarter outlook.

Initially, TSMC expected its annual sales this year to increase by the mid-20% range compared to the previous year, but last month it raised its sales forecast to a mid-20% increase.

Bloomberg evaluated this as a sign that despite global technology stock sell-offs raising doubts about the potential of technology, demand for AI chips remains strong. TSMC is the chip manufacturer for Nvidia and AMD, and TSMC's performance is considered one of the key indicators related to AI demand.

The previous day, Taiwanese media including China Times reported that TSMC raised prices for 3nm (1nm = one billionth of a meter) and 5nm process products by 8% each.

This content was produced with the assistance of AI translation services.