TSMC's revenue in July 2024 increased by 44.7% compared to July 2023, reaching NT$256.95 billion ($7.9 billion). This is evidenced by the data of the Taiwanese company, writes mezha.media.
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Compared to the previous month, the indicator also increased, although not so significantly – the growth was 23.6%. In total, in the period from January to July of this year, TSMC received more than 1.523 trillion Taiwan dollars in revenue. Over the year, the figure has grown by 30.5%.
According to Bloomberg, the growth is due to strong demand for artificial intelligence. According to analysts, TSMC's revenue should grow by 37% to NT$747.4 billion in the third quarter of this year. But the July results indicate that the figure could be even higher.
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