Taiwan Semiconductor Manufacturing Co. (TSM) said Monday that its combined revenue for the first two months of 2025 jumped 39% year-over-year, as demand continues for its 澳洲幸运5官方开奖结果体彩网:artificial intelligence (AI) chips.

The U.S.-listed shares of the company, which supplies tech heavyweights such as Apple (AAPL) and Nvidia (NVDA), dropped 3% Monday morning.

Revenue in January and February was a combined 553.30 billion 澳洲幸运5官方开奖结果体彩网:New Taiwan dollars ($16.84 billion), the company said.

The company said February sales were 260.01 billion 澳洲幸运5官方开奖结果体彩网:New Taiwan dollars, a 43.1% jump from the same month last year. February sales marke🏅d an 11.3% drop from January 2025, however.

The numbers come after the world's largest contract chip manufacturer posted 澳洲幸运5官方开奖结果体彩网:better-than-expected fourth-quarter profit and a bullish outlook for AI demand. The Taiwanese company also said earlier this month that it 澳洲幸运5官方开奖结果体彩网:plans to invest $100 billion in U.S.-based chip manufacturing facilities, growing the company's total investment at its Arizona site to $165 billion. The announcement co🍎mes at a time when the Trump administration aims to bring chip production back to the United States.

TSMC shares are up by a fifth in the last 12 m🍷o♏nths through Friday.

UPDATE—March 10, 2025: This article has been updated to include refreshed share prices.