TSMC Hikes Revenue Outlook to Reflect Heated AI Demand

Jul 18, 2024 · That helped TSMC report a better-than-anticipated 36% rise in June-quarter profit. “This time, AI demand is more real than two or three years ago,” TSMC Chief Executive Officer C.C. Wei said ...

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TSMC Hikes Revenue Outlook To Reflect Heated AI Demand

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TSMC Hikes Revenue Outlook To Reflect Heated AI Demand

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Jul 18, 2024 · TSMC raises 2024 revenue growth projections, citing strong AI spending and better-than-expected quarterly results. The chipmaker expects up to $23.2 billion in revenue …

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TSMC Profits Rise On AI Boom, But Company Lowers Industry Sales …

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Apr 18, 2024 · In a presentation, TSMC said it now expects to generate revenue worth $19.6 billion to $20.4 billion in the second quarter of 2024, in what would mark an 3.7-7.9% increase …

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TSMC Bullish On Outlook As AI Boom Blows Q3 Profit Past Forecasts

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Oct 16, 2024 · TSMC, Asia's most valuable publicly listed company, said third-quarter revenue rose 36% year-on-year to $23.5 billion, better than the company's previous forecast of $22.4 …

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TSMC Q3 Earnings: Profit Beats Expectations As AI Boom Drives …

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Oct 17, 2024 · TSMC, the world’s largest producer of advanced chips, posted a 54% hike in third-quarter profit.

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TSMC Sales Soared 45% In July On Strong AI Demand, Shares Gain …

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This surge could indicate sustained, strong AI chip demand and significant 3-nanometer production orders from Apple, Qualcomm, and MediaTek. ... TSMC Hikes Revenue Outlook to …

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TSMC Hikes Revenue Outlook In Show Of Confidence In AI Boom

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Oct 17, 2024 · That’s after TSMC reported better-than-predicted earnings for the September quarter. And it foresees capital expenditure rising in 2025 from roughly $30 billion this year. …

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AI Demand Pushes TSMC Revenue For 2024 Up 28% So Far

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Jul 10, 2024 · Semiconductor colossus TSMC appears more confident that its fortunes are on the upswing after posting strong growth in Q2 revenue based on demand for advanced chips such …

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FAQs about TSMC Hikes Revenue Outlook to Reflect Heated AI Demand Coupon?

Why did TSMC raise its forecasts for full-year revenue growth?

PHOTO: AFP Taiwan Semiconductor Manufacturing Company (TSMC) raised its projections for full-year revenue growth after results beat estimates, riding a global wave of spending on artificial intelligence (AI). The chipmaker for Apple and Nvidia now expects sales to grow more than the maximum mid-20 per cent it had guided towards previously. ...

Why did TSMC report a rise in AI market expectations?

The raised outlook conveys TSMC’s confidence in the longevity of an AI boom that began in late 2022 with the advent of OpenAI’s ChatGPT. That spurred global tech giants from Microsoft to Baidu to splurge on AI infrastructure, largely powered by Nvidia accelerators. Market expectations had risen in the weeks leading up to TSMC’s report. ...

How much will TSMC's revenue grow this quarter?

TSMC expects revenue of as much as US$23.2 billion (S$31.1 billion) this quarter. PHOTO: AFP Taiwan Semiconductor Manufacturing Company (TSMC) raised its projections for full-year revenue growth after results beat estimates, riding a global wave of spending on artificial intelligence (AI). ...

How much will TSMC spend on AI?

And it narrowed its forecast for capital spending to the high end of its outlook to $30 billion to $32 billion, from as low as $28 billion previously. The revisions underscore TSMC’s view that AI spending will remain elevated despite growing US-Chinese trade tensions. ...

Will TSMC hike its full-year outlook?

The chipmaker for Apple Inc. and Nvidia Corp. said net income rose to NT$247.8 billion ($7.6 billion). The average estimate was for a 29% increase, and many expected TSMC to hike its full-year outlook after sales jumped in the June period. The company said last week that its second-quarter sales grew at the fastest pace since 2022. ...

How has AI impacted TSMC?

TSMC benefited greatly from surging AI demand over the past year, as a slew of tech giants raced to roll out their own offerings after the success of OpenAI’s ChatGPT. This saw a bulk of TSMC’s revenue come from “advanced technologies,” which consist of wafer sizes of 7-nanometre and above. ...