Chip giant TSMC's April revenue jumps 60% on-year

Taiwan Semiconductor Manufacturing Company controls more than half the world's output of chips, and supplies them for everything from Apple's iPhones to Nvidia's cutting-edge artificial intelligence hardware.Consolidated revenue for April was 'approximately NT$236.02 billion ... an increase of 59.6 percent from April 2023,' the firm said in a statement.This compares with a 34.3 percent on-year jump in March.

The United States in particular has made a huge push, passing the Chips and Science Act in 2022 to overhaul the semiconductor industry on American soil.US Commerce Secretary Gina Raimondo said Wednesday during a US House hearing on the department's budget that an invasion of Taiwan by China and a seizure of TSMC would be 'absolutely devastating' to the American economy.'Right now, the United States buys 92 percent of its leading edge chips from TSMC in Taiwan,' she said.

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Chip giant TSMC's April revenue jumps 60% on-yearTAIPEI – Taiwanese chip giant TSMC said on Friday that April revenue jumped nearly 60 percent on-year, riding a huge wave of demand for the advanced semiconductors used in AI hardware.
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