AI demand remains strong! TSMC (TSM.US) May revenue increased by 30% year-on-year.

According to the Zhixun Finance and Economics APP, data released by the global semiconductor foundry giant TSMC (TSM.US) shows that its May revenue increased by 30% year-on-year to 416.98 billion New Taiwan Dollars (approximately $13.2 billion USD), reflecting the sustained strong demand brought about by the global competition to build artificial intelligence (AI) infrastructure. The company's combined revenue for April and May increased by approximately 24% year-on-year, while analysts predict that its revenue for the second quarter will increase by 35% year-on-year.