Summary by Futu AI
Taiwan Semiconductor Manufacturing Company Ltd. (TSMC), a leading semiconductor manufacturer, reported a significant increase in revenue for March 2024. The company's consolidated net revenue for the month reached NT$195.21 billion, marking a 7.5% increase from February 2024 and a substantial 34.3% rise from March 2023. The first quarter of 2024 also saw a strong performance, with revenues totaling NT$592.64 billion, up 16.5% compared to the same period the previous year. The financial update was officially signed by Wendell Huang, Senior Vice President and Chief Financial Officer of TSMC, on April 10, 2024. Additionally, the report included details on funds lent to other parties, endorsements and guarantees, and financial derivative transactions for March 2024. Notably, TSMC China had an outstanding lending amount of NT$38.98 billion, while the company's various guarantees to its subsidiaries totaled NT$2.66 billion. The report also outlined TSMC's financial derivative positions, with the company holding outstanding notional amounts in various derivative contracts.