Taiwan Semiconductor Reports 34% Surge in November Revenue Driven by AI and Smartphone Demand

The chipmaker's year-to-date revenue growth highlights its dominance in advanced chip technologies, though geopolitical risks and competition persist.

Taiwan Semiconductor Manufacturing Co. (TSMC) posted $8.55 billion in November revenue, a 34% year-over-year increase, fueled by strong demand for AI and smartphone chips.
Year-to-date revenue reached $81.05 billion, reflecting a 31.8% growth compared to the same period in 2023, with significant contributions from Apple and Nvidia as key clients.
TSMC's global market share in the wafer foundry sector rose to 64.9%, while competitors like Samsung saw declines due to challenges from Chinese rivals.
Despite robust growth, November sales were down 12% from October, and geopolitical risks remain a concern due to TSMC's reliance on Taiwan-based production facilities.
The company is expanding its footprint internationally, including its Arizona plant, where future production of Nvidia's Blackwell AI chips is being explored.