TSMC's 2024 revenue expected to hit reach a gigantic $87 billion, with $10+ billion from AI

TSMC could see AI revenues of over $10 billion this year, with TSMC's 2024 revenue forecasted for $87.32 billion, with AI revenues of $11.4B to $12.3B.

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TSMC is one of the biggest benefactors of the unstoppable AI market, with TSMC's AI revenue expected to exceed $10 billion for the first time this year, setting a new high and cementing Taiwan Semiconductor Manufacturing Company (TSMC) as one of the biggest players in the AI industry.

TSMC's 2024 revenue expected to hit reach a gigantic $87 billion, with $10+ billion from AI 403

TSMC said during a press conference this month that the Taiwanese chip maker is optimistic about revenues contributed by AI processors to more than double this year, expected to account for a low-teens percentage of TSMC's total revenue for 2024. Within the next 5 years, however, server AI processors are expected to have a compound annual growth rate of 50%, making up over 20% of TSMC's revenue in 2028.

The company is highly optimistic about the future of AI, with TSMC president Wei Zhijia revising the AI order visibility and revenue ratio during a statement this month. Order visibility has been extended from its originally expected 2027 date to 2028, with the company emphasizing that almost all AI chip makers are working with TSMC to solve AI-related needs of the never-ending demand for energy-saving AI computing power.

UDN reports that TSMC's USD revenue is expected to hit a whopping $87.3 billion in 2024, with AI revenue expected to double-accounting for 13% of TSMC's entire 2024 revenue-with over $10 billion and fall somewhere in the estimated $11.4 billion to $12.3 billion range.

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NEWS SOURCE:money.udn.com

Anthony joined the TweakTown team in 2010 and has since reviewed 100s of graphics cards. Anthony is a long time PC enthusiast with a passion of hate for games built around consoles. FPS gaming since the pre-Quake days, where you were insulted if you used a mouse to aim, he has been addicted to gaming and hardware ever since. Working in IT retail for 10 years gave him great experience with custom-built PCs. His addiction to GPU tech is unwavering and has recently taken a keen interest in artificial intelligence (AI) hardware.

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