TSMC Reports November Sales of 12 Trillion Won, Up 34% Year-on-Year
The world's largest foundry (semiconductor contract manufacturing) company, Taiwan's TSMC, recorded a sales growth rate of over 30% last month.
TSMC announced on the 10th that its November sales reached 276.06 billion Taiwan dollars (approximately 12.15 trillion Korean won), a 34% increase compared to the same period last year. Compared to October sales (314.24 billion Taiwan dollars), it was about 12% lower.
As a result, the cumulative sales from January to November this year reached 2.6161 trillion Taiwan dollars (approximately 115 trillion Korean won), a 31.8% increase compared to the same period last year.
TSMC is a contract manufacturer of cutting-edge semiconductors required for training AI models and is considered a key beneficiary in the global AI arms race, including big tech companies' data center construction worldwide.
Charles Shum, a Bloomberg Intelligence analyst, diagnosed that while competitors Samsung Electronics and Intel are both struggling to secure customers for their chip production, TSMC is expected to have price competitiveness in the future market.
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On the 9th at the New York Stock Exchange, TSMC's stock closed at $199.17, down about 2% from the previous session. It has risen more than 90% since the beginning of this year.
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