• Investing
  • Stock
  • Editor’s Pick
  • Economy
The Significant Deals
Stock

TSMC revenue surges 34% in Nov, but slows from prior month

by December 10, 2024
written by December 10, 2024

Investing.com– TSMC (TW:2330) (NYSE:TSM), the world’s biggest contract chipmaker, clocked a sharp year-on-year increase in revenue through November on strong AI-fueled demand, although revenue still slowed from the prior month. 

TSMC’s net revenue rose 34% to T$276.06 billion ($8.52 billion) from T$206.03 billion last year. 

But revenue fell 12.2% from October’s reading of T$314.24 billion. Year-to-date revenue growth still remained upbeat at 31.8%, increasing slightly from the prior month. 

TSMC has seen an exponential jump in revenue over the past year on increasing demand from the fast-growing artificial intelligence industry. But investors have questioned just how long this growth can be sustained, given that data centre building and demand for new chips is expected to slow eventually.

TSMC is a key supplier to AI major NVIDIA Corporation (NASDAQ:NVDA), and recently said it expects demand to remain robust going into 2025. 

This post appeared first on investing.com
0 comment
0
FacebookTwitterPinterestEmail

previous post
Taiwan stocks higher at close of trade; Taiwan Weighted up 0.34%
next post
Japan stocks higher at close of trade; Nikkei 225 up 0.55%

You may also like

BASF results down on impairments, restructuring

January 27, 2025

European chipmakers slump as traders gauge DeepSeek AI...

January 27, 2025

Nasdaq futures tumble as China’s AI push rattles...

January 27, 2025

China Vanke’s CEO, chairman resign amid growing liquidity...

January 27, 2025

Fuji Media, rocked by sexual misconduct allegations, says...

January 27, 2025

Italy’s MPS shares fall ahead of Mediobanca board...

January 27, 2025

British Land stock drops following stake sale

January 27, 2025

UMG shares rally after new multi-year pact with...

January 27, 2025

BASF shares indicated 3% lower as impairments drag...

January 27, 2025

Ryanair cuts 2026 traffic forecast amid ongoing Boeing...

January 27, 2025
Fill Out & Get More Relevant News








    Stay ahead of the market and unlock exclusive trading insights & timely news. We value your privacy - your information is secure, and you can unsubscribe anytime. Gain an edge with hand-picked trading opportunities, stay informed with market-moving updates, and learn from expert tips & strategies.

    Recent Posts

    • Divided Fed proposes rule to ease capital requirements for big Wall Street banks

      June 26, 2025
    • Women’s Tennis Association extends media rights deal with Tennis Channel through 2032

      June 26, 2025
    • Bumble shares jump 26% as dating company plans to axe 30% of workforce

      June 26, 2025
    • Small-business AI use is lagging, but one firm is channeling Sherlock Holmes and knocking out ‘grunt work’

      June 25, 2025

    Categories

    • Economy (245)
    • Editor's Pick (3,646)
    • Investing (534)
    • Stock (6,426)

    Latest News

    • Divided Fed proposes rule to ease capital requirements for big Wall Street banks
    • Women’s Tennis Association extends media rights deal with Tennis Channel through 2032

    Popular News

    • Microsoft faces UK lawsuit over cloud computing licences
    • UBS weighs in on Japanese stock, yen positioning after elections

    About The Significant deals

    • Privacy Policy
    • Terms & Conditions

    Copyright © 2025 thesignificantdeals.com | All Rights Reserved

    The Significant Deals
    • Investing
    • Stock
    • Editor’s Pick
    • Economy