The global chip manufacturing giant, TSMC, reported impressive revenue for the second month of the current quarter, totaling $10.7 billion. This represents a 39.6% increase compared to May last year, though it marks an 8.3% decrease from April’s revenue. Despite analysts’ expectations of lower gains, these results are considered successful for TSMC.
According to Bloomberg, TSMC’s revenue growth of 39.6% in May, compared to the 48% seen in April, indicates a slight slowdown. Nevertheless, TSMC aims for a 39% revenue increase for this quarter and anticipates an annual growth of 24-26%. This optimism is fueled by the continual high demand for semiconductor components in artificial intelligence systems.
Meanwhile, Nvidia, a significant TSMC client, has been addressing investor concerns following recent US export restrictions to China, which impacts around 12% of its revenue. Nvidia plans to maintain growth by introducing products like the Blackwell architecture and GDDR7 memory, aiming to retain its market position in China despite a market share drop from 95% to 50% post-2022 sanctions.
These developments highlight the resilience and adaptability of leading tech companies in navigating global market challenges while continuing to drive innovation and growth.
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