
TSMC's Q1'24 Revenue Share Drops, Q2 Sales Expected to Soar on AI Demand
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.
