TSMC(US:TSM) Invezzยท2024-05-10 10:06Core Insights - Taiwan Semiconductor Manufacturing Co. (TSMC) reported April 2024 revenues of NT$236 billion (approximately $7.3 billion), reflecting a significant year-on-year increase of 59.6% and a month-on-month increase of 21% [1] - The April revenue figures are just $7.18 billion short of TSMC's record monthly high of NT$243.20 billion (US$7.517 billion) reported in November 2023, which had a year-on-year increase of 15.7% and a month-on-month increase of 34.8% [1] - TSMC's revenue growth is attributed to the rising demand for AI-related technologies and chips, indicating a robust market for AI-adjacent stocks [1][3] Revenue Performance - April 2024 revenue of NT$236 billion represents a near 60% increase compared to April 2023 [1] - The month-on-month increase of 21% in April 2024 significantly outpaces the previous year's performance in November 2023 [1] - This may be the highest yearly increase in monthly revenue figures TSMC has ever recorded [3] Market Demand - TSMC's CEO highlighted the growing integration of artificial intelligence across various sectors, including data centers, PCs, mobile devices, automobiles, and the Internet of Things [3] - The company is focusing on providing a comprehensive set of technologies to support AI development, including advanced silicon and packaging solutions [3]