TSMC has demonstrated sustained growth momentum through advanced chip technology and AI application needs.

Revenue and profit performance

TSMC's performance in the first quarter of 2024 exceeded market expectations, with a net revenue of 592.64 billion New Taiwan Dollars (approximately 18.87 billion US dollars), higher than the expected 582.94 billion New Taiwan Dollars, and a net profit of 225.49 billion New Taiwan Dollars, also exceeding the expected 213.59 billion New Taiwan Dollars. The company pointed out that revenue increased by 16.5% compared to the same period last year, while net profit increased by 8.9%.

Industry leadership and market outlook

As the world's largest manufacturer of advanced processors, TSMC's customers include heavyweight companies such as Apple and Nvidia. The company expects 2024 to be a year of healthy growth, and due to technological leadership and expanding customer base, the company's growth will continue to be supported. TSMC CEO Wei Zhejia stated that almost all AI innovators are collaborating with TSMC to meet the huge demand for energy-efficient computing power.

Advanced Technology and Capacity Planning

Currently, TSMC is producing 3nm chips and plans to start mass production of 2nm chips in 2025. Small scale nanotechnology can produce larger and more efficient chips. In addition, the company expects its revenue for the second quarter to be between 19.6 billion and 20.4 billion US dollars.

Competitive advantage and market share

According to Counterpoint Research, TSMC accounted for 61% of the global chip foundry market revenue in the fourth quarter, far exceeding second place Samsung (14%). Market analysts point out that TSMC's net profit margin has reached 40%, far higher than the industry average of 14%, reflecting the company's sales growth in 7nm and smaller process chips, which have significantly higher profit margins.