Taiwan Semiconductor Manufacturing Co, the world’s largest contract chipmaker, is celebrating its best-ever February as sales surged to $5.77 billion, marking an impressive 11.3% increase from the previous year.
While this achievement is remarkable, the company experienced a slight dip in revenue compared to January, with sales dropping by more than 15%. This decline is attributed to holidays and a lesser number of working days in February.
Despite this minor setback in monthly revenue, TSMC has seen a positive overall trend in the first two months of the year, with consolidated sales reaching USD 1.25 billion, up by 9.4% compared to the same period last year. Analysts are optimistic about the future outlook of TSMC, attributing the strong performance to the continued demand for artificial intelligence applications.
The company’s shares have seen an increase in value, reflecting investor confidence in TSMC’s growth prospects. With a projected first-quarter sales range of USD 18.0 billion to USD 18.8 billion, TSMC is well-positioned for further success in the coming months.
In line with its expansion plans, TSMC has recently opened its first chip plant in Japan and is already working on a second facility in the country. Additionally, the company has invested heavily in building manufacturing plants in Arizona, USA, with the first facility already producing chips using its advanced 3 nanometer process.
With its sights set on transitioning to the 2nm node later this year, TSMC is poised to maintain its position as a leader in the semiconductor industry. The company’s strategic investments and commitment to innovation continue to drive its growth and success on a global scale.
