This marks a staggering 34% increase compared to the same period last year.

From January through November, TSMC amassed a mountain of revenue standing at NT$2.61 trillion.

Do the math and that translates to a 31.8% annual growth rate.

TSMC posts 34% revenue jump in November, riding high on AI demand

This is especially impressive for a year plagued by economic turmoil that’s resulted in industry-widelayoffs.

Investors are understandably stoked, sending TSMC shares surging after the report was released.

However, it added that demand is so strong it stillcan’t manufacturefast enough to meet it.

Not everyone is convinced about the sustainability of demand in the future, though.