TSMC sales for February hit new high for the month

Taipei, March 10 (CNA) Taiwan Semiconductor Manufacturing Co. (TSMC) has reported its highest-ever sales for February despite the lower number of working days during the month due to the Lunar New Year holiday that led to lower sales compared to recent months.

In a statement Monday, TSMC reported consolidated sales in February of NT$260.01 billion (US$7.90 billion), up 43.1 percent from a year earlier but down 11.3 percent from a month earlier.

The sales total was the lowest of any month since September 2024, when TSMC had NT$251.87 billion in sales.

The year-on-year growth in February reflected continued solid demand for emerging technologies, including artificial intelligence applications, market analysts said.

In the first two months of 2025, TSMC's consolidated sales were up 39.2 percent from a year earlier to about NT$553.30 billion, the chipmaker said.

When TSMC gave guidance for the first quarter in mid-January, it forecast first-quarter revenue of between US$25.0 billion and US$25.8 billion, with the mid-range figure expected to be 5.5 percent lower than the previous quarter's sales.

Based on the exchange rate of NT$32.8 it used for the forecast, projected consolidated sales for the quarter in Taiwan dollar terms were between NT$820 billion and NT$846.24 billion.

TSMC reported consolidated sales of NT$293.29 billion for January, despite a temporary suspension of operations in some of its chipmaking facilities in central and southern Taiwan that were shaken by a magnitude 6.4 earthquake on Jan. 20.

Though the company later said it would book a loss of NT$5.3 billion due to the brief suspension of production, it left its first quarter guidance unchanged.

Analysts said TSMC could still see its revenue increase to NT$266.7 billion or higher in March to achieve its first quarter sales goal.

For 2025 as a whole, TSMC has forecast sales growth of 24-26 percent over 2024 in U.S. dollar terms.