Revenue Performance and Growth Outlook: TSMC’s May 2023 Report

TSMC’s latest revenue report has been announced for May 2023. According to the news, their revenue for the month of May experienced a 4.9% year-on-year decrease, reaching 176.54 billion New Taiwan dollars. However, compared to the previous quarter, there was a 19.4% increase. Furthermore, TSMC’s operating revenue from January 2023 to May 2023 decreased by 1.9% year-on-year, amounting to 833.07 billion New Taiwan dollars (approximately 193.272 billion Chinese yuan).

TSMC held its annual general meeting on June 6th. TSMC’s chairman, Liu Deyin, mentioned that the company’s customer inventory is gradually decreasing while demand from the market is increasing. Despite a slight negative growth, TSMC is prepared for the next wave of substantial growth next year and will continue to maximize value for its shareholders. TSMC’s CEO, Wei Zhejia, predicts that the company’s revenue will decline by 10% year-on-year in the first half of the year, but the performance in the second half will be better than the first.

Previously, it was reported that TSMC had initiated preparations for 2nm trial production with a target of approximately 1,000 chip prototypes this year, surpassing competitors like Samsung and Intel. Leveraging its technical advantages, TSMC plans to enhance its offerings in advanced manufacturing processes starting from January next year and has been in communication with numerous customers, including Apple, MediaTek, AMD, Nvidia, Qualcomm, and Broadcom.

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