TSM.US (TSM.US)'s November revenue surged 24.5% year on year, production capacity is strong, and there is still a gap between strong demand for AI

The Zhitong Finance App learned that TSM.US's sales in November increased 24.5% year-on-year to about NT$343.61 billion, but decreased 6.5% from October.

This company, which produces chips for the world's top technology companies such as Apple, Nvidia, and AMD, had sales of approximately NT$367.473 billion in October this year.

The cumulative revenue from January to November this year reached NT$3.474 trillion, an increase of 32.8% over the same period in 2024.

TSMC CEO Wei Zhejia previously claimed that advanced process production capacity was “still insufficient,” and revealed that according to the product plans and growth expectations of major customers, the current production capacity is still about 3 times worse.

Wei Zhejia said that the compound annual revenue growth rate of the AI accelerator from 2024 to 2029 is expected to be better than the previous estimate of 44% to 46%, and the specific data will be updated early next year. The fourth quarter operation will continue to benefit from strong demand for advanced processes. The recent development of the AI market is very positive, and the customer outlook remains strong, making the company's belief in AI trends more and more firm.

TSMC's AI-related production capacity is still very tight. In response, the company continues to strive to increase production capacity in 2026, making every effort to ensure that the gap between supply and demand is gradually reduced. Wei Zhejia stressed that the company believes that the market still has fundamental demand for semiconductors and will move towards the goal of increasing operations year by year.