TSMC released its May 2024 revenue report on June 7, with net revenue of approximately NT$229.62 billion in May

TSMC released its May 2024 revenue report on June 7, and data showed that TSMC still maintained strong growth momentum in a complex and changing market environment.

According to the report, TSMC will achieve net revenue of approximately NT$229.62 billion in May 2024. Although this figure has declined slightly compared to April 2024, with a decrease of 2.7%, it is still lower than the same period last year, that is, in 2023. Compared with May this year, it achieved a significant growth of 30.1%.

The cumulative total revenue in the first five months of 2024 reached NT$1,058.29 billion, an increase of 27.0% compared with the same period in 2023.

Despite facing global economic fluctuations and cyclical industry challenges, TSMC has successfully achieved continued improvement in performance by deepening cooperation with customers, accelerating the research and development and application of advanced technologies, and optimizing production efficiency. The company's continued investment in advanced process technology, especially the layout of 5-nanometer and below nodes, is considered to be one of the key factors driving its revenue growth.

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