TSMC reports highest-ever April sales

Taipei, May 8 (CNA) Taiwan Semiconductor Manufacturing Co.

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(TSMC) on Friday reported its highest-ever sales for April, up more than 17 percent from a year earlier, with analysts attributing the growth to strong global demand for artificial intelligence.In a statement, the world's largest contract chipmaker said it posted NT$410.73 billion (US$13.08 billion) in consolidated sales in April, up 17.5 percent from a year earlier.However, April revenues, the second-highest for any month in the company's history, were down slightly 1.1 percent from March, when the sales figure stood at NT$415.19 billion.In the first four months of this year, TSMC's consolidated sales soared 29.9 percent from a year earlier to NT$1.54 trillion.Market analysts said the slight month-on-month sales fall in April largely resulted from a stronger Taiwan dollar, which appreciated 1.05 percent against the U.S.

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dollar despite the central bank's intervention to smooth volatility on the foreign exchange market.Analysts said TSMC continued to benefit from the current AI boom, citing the almost 30 percent year-on-year sales growth in the first four months of this year.

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They said global demand for chips made on TSMC's advanced processes stayed strong due to growing needs for computing capacity.At an investor conference held in mid-April, TSMC said it expected its second-quarter sales to range between US$39.0 billion and NT$40.2 billion, which will mark an estimated 10 percent rise from a quarter earlier and grow 32 percent from a year earlier.TSMC used an exchange rate of NT$31.7 to US$1 to make the sales estimate.

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In Taiwan dollar terms, second-quarter sales will range between NT$1.24 trillion and NT$1.27 trillion, so TSMC is expected to post more than NT$410 billion in consolidated sales on average in May and June, analysts said.TSMC has forecast its 2026 sales will grow by more than 30 percent in U.S.

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dollar terms from a year earlier, an upgrade from its earlier estimate in January, when the company forecast sales growth would come closer to 30 percent.

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(By Chang Chien-chung and Frances Huang) Enditem/ASG

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