TSMC Reports 33% Revenue Growth in August on High AI Chip Demand

Taiwan Semiconductor's sales reflect strong smartphone and AI-related demand, with notable yields at its Arizona facility.

• TSMC's revenue surged 33% year-on-year in August 2024, reaching NT$250.87 billion ($7.8 billion).
• The company's January-August revenue totaled NT$1,773.97 billion ($55.13 billion), up nearly 31% from the previous year.
• Strong demand for AI chips and smartphone processors, including those for Apple iPhones, has driven sales.
• TSMC's production yields at its Arizona facility are reportedly on par with those in Taiwan.
• Analysts project a 37% year-on-year increase in TSMC's third-quarter revenue.

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