Taiwan Semiconductor Manufacturing Co. Ltd. (NYSE:TSM) said Thursday that August revenue jumped more than 53% from a year earlier, hitting a record monthly high as booming artificial intelligence demand continued to fuel growth.
AI Demand Drives Record August Revenue
Taiwan Semiconductor reported consolidated August revenue of about 514.81 billion New Taiwan dollars, up 53.3% year over year and 10.1% from July.
Revenue for January through August reached 3.387 trillion New Taiwan dollars, up 39.3% from a year earlier.
During its July earnings call, management described AI-related demand as "extremely robust," CNBC reported Thursday. The company also reported second-quarter profit growth of more than 77% and forecast third-quarter revenue of $44.6 billion to $45.8 billion.
