AI demand continues to drive, TSMC's November sales increased by 24.5% year-on-year
In November, Taiwan Semiconductor's sales reached NT$ 343.61 billion, a year-on-year increase of 24.5%, but a decrease of 6.5% compared to October. The cumulative revenue for the first 11 months reached NT$ 3.47 trillion, a significant year-on-year increase of 32.8%
Driven by continued demand related to artificial intelligence, TSMC's revenue in November declined month-on-month but maintained strong year-on-year growth.
On December 10th, TSMC's official website showed that TSMC's sales in November reached NT$343.61 billion, a year-on-year increase of 24.5%, but a decrease of 6.5% compared to October. The cumulative revenue for the first 11 months reached NT$3.47 trillion, a significant year-on-year increase of 32.8%.
According to the company's fourth-quarter financial forecast, in the first two months that have been completed, TSMC's revenue achievement rate has approached 70%, with full-quarter revenue expected to fall within the range of NT$985.3 billion to NT$1.02 trillion, indicating that achieving the target is almost certain.
According to a previous article by Wall Street Insight, TSMC CEO C.C. Wei bluntly stated that advanced process capacity is "not enough, not enough, still not enough," and revealed that based on the product planning and growth expectations of major clients, the current capacity is still about three times short.
He revealed that according to the product planning and growth expectations of various major clients, TSMC's current capacity is still about three times short. He even joked that he originally wanted to wear a T-shirt with "No more wafer" on it, implying that the demand for wafers is so strong that it is difficult to digest.
C.C. Wei stated that the revenue compound annual growth rate for AI accelerators from 2024 to 2029 is expected to exceed the previous estimate of 44% to 46%, with specific data to be updated early next year. The fourth quarter's operations will continue to benefit from strong demand for advanced processes. The recent development situation in the AI market is very positive, and customer outlook remains strong, reinforcing the company's confidence in the AI mega trend.
TSMC's upstream and downstream capacity related to AI is still very tight. In response, the company continues to work on increasing capacity by 2026, fully ensuring that the supply-demand gap can gradually narrow. C.C. Wei emphasized that the company believes there is still fundamental demand for semiconductors in the market and will strive to achieve record operational targets year by year
