TSMC Revenue By Product: Sales of Wafer and Others

Microchips. Pexels Image.

This article presents the revenue by product of Taiwan Semiconductor Manufacturing Company Limited (TSMC). TSMC’s revenue by product consists of revenue from the sale of semiconductor wafer and other products and services.

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You may find related statistic of TSMC on these pages:

Revenue

• TSMC revenue by country: U.S., China, Taiwan, Japan, etc.,
• TSMC revenue by process node: 3nm, 5nm, 7nm, 10nm and more,
• TSMC revenue By Segment – HPC, Smartphone, IoT, Automotive, etc.,

R&D Comparison

• TSMC vs Intel,
• TSMC vs Samsung,

Profit Margin Comparison

• TSMC vs Intel,
• TSMC vs Samsung,

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Definitions

To help readers understand the content better, the following terms and glossaries have been provided.

New Taiwan Dollar (TWD): The New Taiwan Dollar (TWD), abbreviated as NT$, is the official currency of Taiwan.

It is used in all forms of transactions within the country, from daily expenses to business dealings. The New Taiwan Dollar is issued by the Central Bank of the Republic of China (Taiwan) and is subdivided into 100 cents.

Its symbol is NT$, and it is known for its stability and wide acceptance in the region. The exchange rate of TWD to USD is NT$1,000 to US$30.30.

Wafer Revenue: TSMC’s wafer revenue refers to the income generated by Taiwan Semiconductor Manufacturing Company (TSMC) from the production and sale of semiconductor wafers.

These wafers are the foundational materials used to fabricate integrated circuits (ICs) and computer chips. TSMC manufactures these wafers using advanced semiconductor processes and sells them to various electronics manufacturers and fabless companies, which design the chips but outsource the manufacturing process.

TSMC’s wafer revenue is a significant component of the company’s overall revenue, driven by the demand for high-performance computing (HPC) products, smartphones, automotive applications, Internet of Things (IoT) devices, and other digital consumer electronics.

The company’s ability to offer cutting-edge process technologies, such as 5nm, 4nm, and 3nm nodes, ensures that its wafers meet the evolving needs of its customers, contributing to sustained revenue growth.

Other Porducts And Services: Besides wafer revenue, TSMC offers a variety of products and services that cater to different segments of the semiconductor industry. Here are some key offerings:

• Advanced Packaging Services: TSMC provides a range of backend services, including advanced packaging technologies that enhance the performance and functionality of semiconductor devices.
• CyberShuttle® Prototyping Service: This service significantly reduces non-recurring engineering (NRE) costs by covering a wide technology range, making it easier for customers to prototype their designs.
• Mask Services: As the world’s largest mask-making operation, TSMC offers mask services that are essential for the lithography process in semiconductor manufacturing.
• eFoundry®: TSMC’s suite of web-based applications gives designers a more active role in the design process, providing tools and resources to streamline their work.

TSMC’s diverse portfolio and comprehensive technology platforms allow it to serve a wide range of industries and applications, making it a key player in the global semiconductor market.

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What is driving the significant growth in TSMC’s wafer revenue?

Several factors are driving the significant growth in TSMC’s wafer revenue:

• Advanced Process Technologies: TSMC’s adoption of advanced process technologies, such as the 5nm, 4nm, and 3nm nodes, has been a major growth driver. These advanced processes are used in high-performance computing (HPC) products, flagship smartphones, and AI chips, which are in high demand.
• AI Deployment: The increasing deployment of AI technologies, both in data centers and edge devices, has led to higher wafer consumption per unit. AI chips require advanced manufacturing processes, which TSMC is well-equipped to provide.


• Supply Chain Recovery: The recovery of supply chains, particularly in the automotive and industrial sectors, has contributed to increased demand for semiconductor wafers. As these industries restock and ramp up production, TSMC benefits from the higher demand.
• Cloud AI Infrastructure: The expansion of cloud AI infrastructure has driven the need for more powerful and efficient chips, which TSMC produces. This trend is expected to continue, further boosting wafer revenue.
• Geopolitical Factors: TSMC’s strategic investments in new fabrication plants, such as the one in Phoenix, Arizona, supported by the U.S. Chips Act, help mitigate geopolitical risks and bring production closer to key customers in North America. This proximity to major markets enhances TSMC’s competitive edge.
• Diverse Customer Base: TSMC’s extensive customer base, including major players in the tech industry, ensures a steady stream of orders for its semiconductor wafers. The company’s reputation for quality and reliability makes it a preferred supplier.
• Market Leadership: TSMC’s position as a leader in the semiconductor industry, with a significant market share, allows it to capitalize on industry-wide growth trends. The company’s strong technological edge and customer base contribute to its revenue growth.

These factors collectively contribute to TSMC’s robust wafer revenue growth, positioning the company as a key player in the global semiconductor market.

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Insight & Summary of TSMC’s Revenue By Product Category

The following analysis consolidates the trends observed across TSMC’s revenue by product category for the 2018–2025 period.

• TSMC’s total revenue grew from NT$1,031B ($33.0B) in 2018 to NT$3,809B ($121.9B) in 2025 — a 3.7x expansion over seven years driven by the compounding demand for advanced semiconductor manufacturing across AI, high-performance computing, smartphones, and automotive applications.

• The product revenue breakdown is straightforward in structure but revealing in its details: wafer revenue — representing the core semiconductor manufacturing business — has consistently accounted for approximately 86–89% of total revenue throughout the period, while the Others category, encompassing packaging, testing, mask-making, and other ancillary services, has represented the remaining 11–14%.

• The stability of this revenue split across eight years of significant absolute growth confirms that TSMC’s business model remains fundamentally anchored to wafer fabrication, with services revenue growing in support of — rather than independently from — the core manufacturing franchise.

• Wafer revenue grew from NT$911B ($29.2B) in 2018 to NT$3,273B ($104.7B) in 2025 — a 3.6x increase in absolute terms — with growth broadly mirroring the total revenue trajectory across all years. The most significant growth year was 2022 at 41.7%, driven by the simultaneous demand surge across smartphones, high-performance computing, and automotive semiconductors, before the -5.5% contraction in 2023 as inventory correction cycles reduced near-term wafer orders across multiple end markets.

• The recovery to 33.6% and 30.1% growth in 2024 and 2025 respectively confirms that wafer demand has reestablished a robust growth trajectory, underpinned by the structural shift toward AI accelerator production at TSMC’s most advanced 3nm and 2nm process nodes — where pricing premiums are substantially higher than mature nodes and where TSMC maintains an effective manufacturing monopoly for the most performance-intensive designs.

• The Others category — while representing a smaller and more stable portion of revenue — has exhibited slightly higher growth volatility than wafer revenue in certain years and a modestly rising share over the period, expanding from 11.7% in 2018 to 14.1% in 2025. In absolute terms, Others revenue grew from NT$120B ($3.8B) to NT$537B ($17.2B) — a 4.5x increase that slightly outpaces wafer revenue’s 3.6x expansion, explaining the gradual share drift.

• The standout growth years for Others were 2022 at 49.4% — the highest in the dataset — and 2025 at 41.2%, both of which outpaced wafer revenue growth in their respective years. This outperformance likely reflects the growing adoption of TSMC’s advanced packaging technologies — including CoWoS and SoIC — which are increasingly critical to AI accelerator and high-bandwidth memory integration and command meaningful incremental revenue per chip beyond the wafer fabrication fee itself.

• The rising importance of advanced packaging within the Others category is strategically significant: as chiplet architectures and heterogeneous integration become standard design approaches for leading-edge AI and HPC chips, TSMC’s packaging services are evolving from a supplementary offering into a structurally important and differentiated component of its value proposition — one that deepens customer dependency and expands revenue capture per unit of end-customer demand.

The table below combines all TSMC’s revenue by product category into a single view for the latest 3 periods.

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Revenue Numbers (NT$): Wafer and Others

The definition of TSMC’s revenue by product segment is available here: wafer revenue and Others.

TSMC reports its financial statements primarily in New Taiwan Dollars (TWD). You can find more information about the currency exchange rates between TWD and the US dollar here: New Taiwan Dollar (TWD).

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Revenue Numbers (US$): Wafer and Others

The definition of TSMC’s revenue by product segment is available here: wafer revenue and Others.

TSMC reports its financial statements primarily in New Taiwan Dollars (TWD). You can find more information about the currency exchange rates between TWD and the US dollar here: New Taiwan Dollar (TWD).

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Revenue Mix: Wafer and Others

The definition of TSMC’s revenue by product segment is available here: wafer revenue and Others.

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Revenue Growth: Wafer and Others

The definition of TSMC’s revenue by product segment is available here: wafer revenue and Others.

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Credits and References

1. All financial figures presented were obtained and referenced from TSMC’s annual reports published on the company’s investor relations page: TSMC Annual Reports.

2. Pexels Images.

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Disclosure

We may utilize the assistance of artificial intelligence (AI) tools to produce some of the text in this article. However, the data is directly obtained from original sources (usually the quarterly and annual reports) and meticulously cross-checked by our editors multiple times to ensure its accuracy and reliability.

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