TSMC reported preliminary operational figures for the month of March and the first quarter of 2024. The revenue for March alone was 1.95 trillion Taiwanese dollars, a 34.3% increase compared to March 2023, marking the highest growth rate since November 2022. In comparison to February 2024, there was a 7.5% increase in revenue.
The total revenue for the first quarter of 2024 reached 5.93 trillion Taiwanese dollars, showing a 16.5% increase. TSMC has previously stated that in 2024, the company is expected to experience significant growth driven by the demand for high-tech products, including AI products in the HPC sector.
Source: CNBC
TLDR: TSMC reported strong revenue growth in March and the first quarter of 2024, driven by high demand for advanced technology products and AI in the HPC sector.
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