TSMC’s November sales up by 34 percent year-on-year

November sales at TSMC, the world’s leading foundry, were NT$276.06 billion (about US$8.48 billion, a sequential drop of 12. 2 percent but up year-on-year by 34.0 percent.

Sequential drops in revenue are not so significant as sales can be lumpy within a quarter. The foundry is on-course to enjoy a 30-plus percentage increase in sales in 2024 compared with 2023

Sales for the year-to-date stand at NT$2,616.14 billion (about US$80.40 billion) up 31.8 percent compared with the first eleven months of 2023.

These figures have been achieved largely on demand for leading edge manufacturing processes of 7nm or lower geometry for AI and high-performance computing applications.

In November Taiwanese foundry UMC’s sales were NT$20.05 billion (about US$616 million), a sequential fall of 6.2 percent but up 6.7 percent year-on-year. In the first eleven months of 2024 UMC took in revenue of NT$213.34 billion (about US$6.56 billion), up 3.8 percent compared with the first eleven months of 2023.

UMC’s slower growth is in line with its reduced exposure to high-performance computing and AI and increased exposure to automotive and industrial applications. These are generally suffering from reduced demand, according to market researchers.