1. TSMC's Q2 net profit rose 8% YoY to $7.23 billion, exceeding analyst estimates; 2. Revenue grew 32% to $20.67 billion, driven by strong AI-related chip demand; 3. The company raised its 2024 revenue growth forecast to around 30%, citing sustained AI boom and advanced packaging capacity expansion.
Recent #Revenue Growth news in the semiconductor industry
➀ ADATA Technology's September revenue hit NT$5.244 billion, up 5.24% month-over-month and 61.18% year-over-year, reaching a new high for a single month in nearly 19 years.
➁ The third quarter revenue reached NT$14.488 billion, up 55.19% year-over-year and 13.33% sequentially, marking the second-highest quarterly revenue in history.
➂ ADATA's Chairman, Chen Li-pai, predicts a severe supply shortage in the fourth quarter of 2025 and a prosperous storage industry in 2026 due to the strong demand from global CSPs and the rapid expansion of AI servers.