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Tom’s Hardware
Tom’s Hardware
Technology
Kunal Khullar

TSMC posts strong year-on-year revenue growth of 34% despite month-to-month slowdown — foundry pulls in $8.5B in revenue for November 2024

TSMC Lobby.

Taiwan Semiconductor Manufacturing Company (TSMC) reported a consolidated revenue of NT$276.058 billion (US$8.504 billion) for November 2024. This represents a 34% year-over-year increase, bolstered by continued strong demand for AI chips. However, revenue declined 12.2% from October’s record NT$314.24 billion, marking the first time the company exceeded NT$300 billion in monthly revenue.

For the year-to-date period (January to November 2024), TSMC’s revenue reached NT$2.61 trillion, reflecting a 31.8% annual growth. TSMC credits this performance to its leadership in advanced process nodes such as 5nm and 3nm. It is fully utilized to meet the surging demand from AI-related industries and major clients like Apple.

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