World’s largest contract chipmaker TSMC sees August revenue surge over 53% to record high

Taiwan Semiconductor Manufacturing Co. reported record monthly revenue for August on Thursday, as demand for chips used in artificial intelligence applications remained strong.

The world's largest contract chipmaker posted revenue of $514.8 billion New Taiwan dollars ($16.35 billion) for last month, up 53.3% from a year earlier and 10.1% from July.

TSMC shares closed 0.61% lower on Thursday ahead of the revenue release.

The company's monthly revenue has now risen for four straight months.

During its second-quarter earnings call in July, TSMC said AI-related demand continued to be "extremely robust."

The Taiwanese tech giant reported a more than 77% year-on-year jump in second-quarter profit and forecast third-quarter revenue between $44.6 billion and $45.8 billion.

TSMC has maintained its dominance in the global foundry market, with a 72.5% market share in the second quarter, according to a data released by TrendForce Wednesday. Strong demand for AI server processors kept TSMC's advanced 5-, 4- and 3-nanometer capacity fully booked during the quarter, the research firm said.

Samsung Foundry ranked second with a 5.9% share, followed by China's SMIC at 5.4%.