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TSMC posted record August revenue as robust AI-chip demand kept advanced manufacturing capacity fully booked and lifted its market share.
Transcript
00:00It's Benzinga bringing Wall Street to Main Street.
00:02Taiwan Semiconductor Manufacturing Company reported record monthly revenue for August
00:07as demand for chips used in artificial intelligence applications remain strong, according to CNBC.
00:14Revenue rose 53.3% from a year earlier to $16.35 billion and increased 10.1% from July.
00:24TSMC's monthly revenue has now risen for four straight months.
00:27The company said in July that AI-related demand remained extremely robust and forecast third-quarter revenue between $44.6
00:38billion and $45.8 billion.
00:42TSMC held a 72.5% share of the global foundry market in the second quarter, according to Trendforce.
00:49Strong AI server processor demand kept its advanced 5, 4, and 3 nanometer capacity fully booked.
00:56TSMC also plans to adopt ASML's high-NA technology for large-scale advanced node manufacturing starting in 2030.
01:04For all things money, visit Benzinga.com.
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