TSMC has posted the fastest monthly revenue growth in the last four years

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Taiwan Semiconductor Manufacturing Co. (TMSC) , posted a surge in monthly revenue in March, as it cashed in on a continuing artificial intelligence boom powered by high-end chips.
TSMC said March revenue came in at 195.2 billion new Taiwan dollars ($6.1 billion), up 34.3% year-on-year — marking the fastest pace of growth since November 2022.
The company’s first-quarter revenue totaled 592.6 billon new Taiwan dollars, up 16.5% year-on-year.
The company is currently riding the AI boom.
AMD launched a rival chip to Nvidia last year, while Intel on Tuesday took the wraps off its latest AI offering.
A number of startups are also developing AI chips, which TSMC manufactures for some companies.
TSMC shares are up just under 40% this year to date, as investors bet on the continued demand for AI chips.
In January, the company said that its AI revenue is growing 50% on an annual basis.

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Manufacturer of Semiconductors in Taiwan Co. (TMSC) saw a spike in monthly revenue in March as it profited from the ongoing boom in artificial intelligence driven by expensive chips.

According to TSMC, its revenue for March was 195.02 billion new Taiwan dollars ($61.01 billion), up 34.3 percent from the previous year. This is the company’s fastest rate of growth since November 2022.

Revenue for the company in the first quarter of FY20 was $592.65 billion in new Taiwan dollars, up 16.5% from the same period last year.

As the world’s largest contract semiconductor manufacturer, TSMC produces chips for brands like Nvidia and Apple.

The business is presently benefiting from the AI boom. The creation of AI applications has been supported by semiconductors, such as those made by Nvidia.

The market is becoming more competitive. AMD released a rival chip to Nvidia last year, and Intel unveiled its most recent artificial intelligence product on Tuesday.

TSMC produces AI chips for a few companies, and several startups are also working on developing similar chips.

As investors placed bets on the sustained demand for AI chips, TSMC shares have increased by just under 40% so far this year.

The company declared in January that its yearly revenue from AI is increasing by fifty percent. LSEG consensus estimates indicate that analysts anticipate TSMC to report a 23.7% increase in total revenue this year following a decline in 2023.

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