TAIPEI (TVBS News) — Taiwan Semiconductor Manufacturing Company (TSMC, 台積電) reported on Tuesday (Sept. 10) that its consolidated revenue for August reached NT$250.8 billion. This represents a 2.4% decrease from the previous month but a significant 33% increase year-over-year.
TSMC's cumulative revenue for January through August 2024 totaled NT$1.77 trillion, marking a 30.8% increase compared to the same period last year. In the second quarter, TSMC achieved approximately NT$673.51 billion in consolidated revenue and NT$247.85 billion in net profit, with earnings per share of NT$9.56.
Huang Jen-chau (黃仁昭), TSMC's treasurer and spokesperson, stated that strong demand for the company's leading 3-nanometer and 5-nanometer technologies continues to benefit TSMC.
Huang expects robust demand for advanced process technologies from smartphones and AI-related opportunities to drive TSMC's performance in the third quarter of 2024.
TSMC anticipates third-quarter consolidated revenue to be between US$22.4 billion and US$23.2 billion. Assuming an exchange rate of NT$32.5 to US$1, the company projects a gross margin between 53.5% and 55.5% and an operating profit margin between 42.5% and 44.5%.
