TSMC August Revenue Rises 53%
Taiwanese company TSMC, a leader in contract chip manufacturing, achieved a record-high revenue of 514.8 billion Taiwanese dollars (USD 16.35 billion) in August, representing a 53.3% year-over-year increase and a 10.1% month-over-month rise, driven by strong demand for artificial intelligence chips. The company maintained a 72.5% market share in contract chip manufacturing during Q2, amid forecasts of continued high demand for AI server processors. It also announced a partnership with ASML to produce High NA technology starting in 2030 to support future advancements in AI applications.
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