TSMC Powers Ahead with a 16.5% Revenue Surge in Q1 2024, Demonstrating Strong Momentum

In the first quarter of 2024, Taiwan Semiconductor Manufacturing Company Limited (TSMC) demonstrated substantial growth, with a year-on-year revenue increase of 16.5% to $18.54 billion, compared to $16.72 billion in the same period of the previous year. This growth showcased a remarkable momentum for the company, marking the most significant month-on-month rise since November 2022.

TSMC, also known as Taiwan Semiconductor, stands as a prominent Taiwanese multinational semiconductor contract manufacturing and design entity. Renowned for its industry presence, TSMC is recognized as the world's second most valuable semiconductor company. Additionally, it holds the distinction of being the world's largest dedicated independent semiconductor foundry, often referred to as a "pure-play" company.

Headquartered in the Hsinchu Science Park in Hsinchu, Taiwan, TSMC holds a position as the largest company in its home country. The company notably operates with majority ownership by foreign investors, with the central government of Taiwan serving as its largest shareholder. Furthermore, in [year], TSMC achieved the 44th rank in the prestigious Forbes Global 2000 list, solidifying its status as a key player in the global semiconductor industry.