TSMC Reports Revenue Growth and Stock Surge Amid AI Demand

The semiconductor giant's strategic expansions and industry recovery contribute to its financial success.

Taiwan Semiconductor Manufacturing Company (TSMC) reported a revenue increase of 11.3% year-over-year for February 2024, with a total of NT$181.65 billion.
Despite the monthly increase, February revenues saw a 15.8% decrease from January 2024, but the combined January-February revenue rose by 9.4% compared to the same period last year.
TSMC's stock surged by over 5% following the announcement, contributing to a 43% increase in stock value this year, driven by high demand for AI computing.
The company's global expansion efforts include opening its first chip plant in Japan and planning a $40 billion investment in Arizona, U.S., to diversify supply chains and meet American semiconductor demand.
Global semiconductor industry sales and Japanese equipment billings also reported growth, indicating a recovery in the industry, largely fueled by AI applications.