TSMC projects more than 25% growthEXPECTATIONS: The firm, which is on track to outpace global foundry industry revenue growth, said it expects constrained advanced process capacity amid stronger AI demandBy Lisa Wang / Staff reporterTaiwan Semiconductor Manufacturing Co (TSMC, 台積電) yesterday increased its projected revenue growth for this year to above 25 percent, as stronger-than-expected demand for premium smartphones and artificial intelligence (AI) devices are to drive greater utilization of cutting-edge 3-nanometer and 5-nanometer chips. In April TSMC estimated 21 to 24 percent annual growth. The firm’s revenue growth is on track to greatly outpace the global foundry industry, which is expected to rise about 10 percent this year. Advanced packing capacity would continue to be constrained through next year, even though TSMC plans to more than double its chip-on-wafer-on-substrate capacity next year, he said. For this quarter, TSMC expects revenue to reach an all-time high, expanding by 7.59 percent to 11.43 percent sequentially to between US$22.4 billion and US$23.2 billion compared with US$20.82 billion last quarter.

Source: Taipei Times July 18, 2024 18:45 UTC