The leading chip manufacturer for Nvidia and Apple reported record revenue for August

Taiwan-based TSMC, the largest contract chip manufacturer for Nvidia and Apple, saw its revenue rise 53.3% year-over-year in August, reaching 514.8 billion New Taiwan dollars ($16.3 billion). This is a record for the company, according to CNBC. Revenue rose 10% compared with July.

TSMC's revenue has been rising on a monthly basis for the fourth consecutive month amid continued strong demand for AI chips, according to Bloomberg . At the same time, the company is struggling to meet this demand: it cannot keep up with market needs, despite an unprecedented pace of new plant openings. TSMC is currently building and equipping about 20 factories simultaneously, whereas previously, even during periods of peak activity, it worked on four or five new facilities at a time, TSMC Deputy Chief Operating Officer Cliff Hau said in early September. According to him, the demand for chip manufacturing equipment has nearly doubled since the end of last year.

TSMC maintains its dominant position in the global market for contract manufacturing of AI chips. According to TrendForce, its market share stood at 72.5% in the second quarter.

The company's shares on the Taiwan Stock Exchange and its American Depositary Receipts in New York have risen 43% since the beginning of the year.

This article was AI-translated and verified by a human editor