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Taiwan Semiconductor Manufacturing Co. said Monday that its combined revenue for the first two months of 2025 jumped 39% year-over-year, as demand continues for its artificial intelligence chips.
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The U.S.-listed shares of the company, which supplies tech heavyweights such as Apple and Nvidia, are falling in premarket trading.
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February sales fell 11.3% from January 2025.
Taiwan Semiconductor Manufacturing Co. (TSM) said Monday that its combined revenue for the first two months of 2025 jumped 39% year-over-year, as demand continues for its artificial intelligence (AI) chips.
The U.S.-listed shares of the company, which supplies tech heavyweights such as Apple (AAPL) and Nvidia (NVDA), are falling more than 1.5% in premarket trading.
Revenue in January and February was a combined 553.30 billion New Taiwan dollars ($16.84 billion), the company said.
The company said February sales were 260.01 billion New Taiwan dollars, a 43.1% jump from the same month last year. February sales marked an 11.3% drop from January 2025, however.
The numbers come after the world's largest contract chip manufacturer posted better-than-expected fourth-quarter profit and a bullish outlook for AI demand. The Taiwanese company also said earlier this month that it plans to invest $100 billion in U.S.-based chip manufacturing facilities, growing the company's total investment at its Arizona site to $165 billion. The announcement comes at a time when the Trump administration aims to bring chip production back to the United States.
TSMC shares are up by a fifth in the last 12 months through Friday.
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