View of the Tainan Science Park in Taiwan, Asia. BING-JHEN HONG Last week, Taiwan Semiconductor Manufacturing ( NYSE: TSM ) ( OTC:TSMWF ), also known as TSMC, released its June revenue report. The company reported NT$207 billion in revenue for the month.
This Taiwan Dollar sum works out to $6.5 billion in U.S.
dollars, assuming that the average exchange rate during the quarter was the same as today’s exchange rate. TSMC has not reported an official U.S.
dollar figure for the month yet. The fact that we now have three monthly revenue reports means we can model how much full quarter revenue the company is likely to earn, with a high degree of accuracy. These reports seem to indicate that TSMC is making a lot of money off the massive global investment in generative AI.
The company has seen high-double digit sales growth for each of the last three months, which means that revenue growth for the entire second quarter was high. We can estimate the company’s second quarter revenue already: the April, May and June revenue figures sum to HK$673.51 billion.
At today’s exchange rate, that’s worth US$20.69 billion. The year ago figure was $ 15.
4 billion . So, it looks like we have a year-over-year revenue growth rate close to 35%. Now, the actual exchange rate that TSM will use in calculating its U.
S. dollar revenue on Wednesday, will likely be the average one over the duration of the quarter, which isn’t the same as the exchange rate today. The New Taiwan Dollar spent most of .