Taiwan Semiconductor May Sales Surge 30%, On Track to Meet Targets

Taiwan Semiconductor Manufacturing Co. (TSMC) reported a 30% increase in May sales compared to the same period last year. The company's revenue met expectations, driven by a recovery in global chip demand and strong demand for artificial intelligence applications. This performance indicates that TSMC is on track to achieve its revenue targets for the second quarter of the year. May sales were supported by increased orders from customers, particularly in the high-performance computing and smartphone segments. The company noted that demand for advanced manufacturing technologies such as 3-nanometer and 5-nanometer processes remained strong, significantly contributing to sales growth. Analysts stated that TSMC's strong performance confirms signs of recovery in the global semiconductor market. The company is expected to maintain a similar growth momentum in the second half of the year. Increasing demand for AI chips and next-generation mobile processors continues to strain TSMC's production capacity. Following the May sales figures, TSMC management emphasized that the company's second-quarter revenue target is between $19.6 billion and $20.4 billion and that they are determined to achieve this goal. The company also forecasts that the semiconductor industry will grow by approximately 10% for the full year. This is not investment advice.