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Taiwan Semiconductor (NYSE:TSM) Reports 34% Revenue Growth for FY24, Net Income Surges 40%
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Highlights
Taiwan Semiconductor Manufacturing Co Ltd (NYSE:TSM) is a Taiwan-based company engaged in the provision of integrated circuit manufacturing services.
For the financial year 2024 (FY24), TSM reported a total revenue of NTD 2,894.0 million, reflecting a 33.9% year-on-year increase from NTD 2,161.0 million in FY23. The growth was driven by a 14.3% sequential revenue increase, supported by higher demand for the industry-leading 3nm and 5nm technologies.
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