The decline in electronic device sales due to the global economic crisis directly affects the chip industry. Many companies in the sector, from the designer to the foundry, entered the new year with a loss. Gradually, the end of the tunnel appeared in certain areas.
TSMC is hopeful
With the explosion of the artificial intelligence trend, Nvidia became the first chip company to reach a trillion dollar value. Artificial intelligence chips, which sell like bread, indirectly began to earn TSMC .
According to the company's statement, revenue in May amounted to $ 5.7 billion. Compared to $4.8 billion in April, 19 percent increase was achieved. In the 5-month period of the year, 27.6 billion dollars of revenue was reached.
There seems to be some decline compared to last year, but for the first time in the company's financial history, consecutive growth in April and May reached double digits. In addition to the artificial intelligence trend, Apple, which accounts for 25 percent of revenues, has also started to increase its sales. This reflects positively on the TSMC side. Although a slight decrease is expected due to stock clearance in June, the second quarter of the year is considered successful for TSMC.