TSMC January Sales Reach 18 Trillion Won, Up 37% Year-on-Year

Taiwan's TSMC, the world's largest foundry (contract semiconductor manufacturing) company, announced on February 10 that its consolidated sales in January reached 401.26 billion Taiwan dollars (about 18.5663 trillion won), up 36.8% from the same month a year earlier.

Compared with the previous month, this represents an increase of 19.8%.

EPA Yonhap News Agency

Bloomberg explained that TSMC's January performance exceeds the 30% annual sales growth rate the company expects for this year, and that it is a sign that the global trend of expanding investment in artificial intelligence (AI) is continuing despite persistent concerns about an AI bubble. However, it pointed out that the Lunar New Year holiday falling in January last year may have created a base effect that contributed to this January's increase.

TSMC, which supplies semiconductors to Apple, is cited as one of the biggest beneficiaries of the recent surge in AI investment. Backed by growing demand for data center chips, it is planning capital expenditures of up to 56 billion dollars this year, which is about a 25% increase compared with last year.

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