TSMC's July Revenue Hits NT$467.6 Billion, Up 44% Year-on-Year, Setting New Monthly Record

TSMC (2330-TW)(TSM-US) announced its July revenue today, reaching NT$467.58 billion, a 5.6% increase from the previous month and a 44.7% year-on-year surge, setting a new record for monthly revenue. Cumulative revenue for the first seven months of the year reached NT$2.872064 trillion, up 37% year-on-year. The growth was fueled by robust AI demand and the onset of Apple's smartphone production ramp-up period.

TSMC forecasts third-quarter revenue between USD 44.6 billion and USD 45.8 billion. At the midpoint, this represents a 12% sequential increase and a 37% year-on-year growth. Based on an exchange rate of USD 1 to NT$32, this translates to NT$1.4272 trillion to NT$1.4656 trillion in revenue. Given July's performance, August and September may also achieve record-high revenues.

Today, it was also reported that TSMC will jointly invest 1 trillion yen with Sony, the leading image sensor manufacturer, to mass-produce next-generation image sensors in Japan by 2029. The production will be handled by a joint venture, with Sony contributing 60% and TSMC approximately 40%, aiming to capture markets in AI vision, robotics, and related fields.

Currently, TSMC's advanced process and advanced packaging capacities are fully utilized. To meet customer demand, the company recently raised its annual capital expenditure to between USD 60 billion and USD 64 billion, a significant increase from the previous range of USD 52 billion to USD 56 billion. TSMC expects to maintain high capital spending over the coming years, reinforcing its dominant market position and signaling the start of a multi-year high-growth phase.