TSMC's Q1'24 Revenue Share Drops, Q2 Sales Expected to Soar on AI Demand
TL;DR Summary
TSMC's Q1 2024 revenue reached $18.87 billion, up 12.9% year-over-year but down 3.8% quarter-over-quarter, with HPC processors driving the rebound while N3 (3nm) revenue share steeply declined. N3 wafer sales accounted for 9% of revenue, down from 15% in Q4 2023, while N5 (5nm) and N7 (7nm) revenue shares increased. TSMC attributes the N3 decline to seasonally lower smartphone demand, but expects HPC platform to continue increasing its revenue share, driven by AI processors.
- TSMC Posts Q1'24 Results: 3nm Revenue Share Drops Steeply, but HPC Share Rises AnandTech
- TSMC expects Q2 sales to jump on 'insatiable' AI demand Reuters
- Wafer production has started at TSMC's Phoenix factory ABC15 Arizona in Phoenix
- TSMC Beat Earnings Expectations. Why Taiwan Semi Stock Is Dropping. Barron's
- Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) Q1 2024 Earnings Call Transcript Yahoo Finance
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