📰 TSMC's November Sales Surge 34% on AI Demand
The Taiwanese chipmaker continues strong growth despite concerns over data center spending.
Taiwan Semiconductor TSM 0.00%↑ reported a 34% year-over-year increase in sales for November, totaling NT$276.1 billion ($8.5 billion). This growth reflects the ongoing demand for AI technology, even as some investors worry about the pace of data center expansion. TSMC’s sales for October and November combined rose 31.4%, with analysts projecting a 36.3% growth for the current quarter. The company’s stock has surged by 80% this year.
As a leading supplier for Apple Inc. and Nvidia Corp., TSMC plays a pivotal role in the growth of AI data centers, supported by substantial investments from companies like Microsoft and Amazon. Despite uncertainties about AI’s return on investment, TSMC is expected to retain its pricing power, with rivals such as Samsung Electronics and Intel struggling to gain market share.
According to Bloomberg Intelligence analyst Charles Shum, TSMC’s November sales performance positions it to meet its upper growth targets, with strong demand for AI and premium smartphone chips. If this momentum continues, TSMC’s Q4 sales could reach NT$861.5 billion, solidifying its place as a dominant force in the semiconductor industry through 2025.
Source: TSMC Investor Relations, Bloomberg
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