TSMC's sales clearly rose during November due to strong demand.

Taiwan Semiconductor Manufacturing Company (TSMC) announced on Tuesday a 34% year-on-year increase in sales for November, reflecting strong demand for semiconductors supported by artificial intelligence technologies.

However, TSMC's sales declined by 12% month-on-month, compared to October, reaching 276.06 billion New Taiwan Dollars, approximately 8.48 billion US Dollars.

Nonetheless, TSMC's revenues surged by about 32% year-on-year from January to November this year, totaling 2.62 trillion New Taiwan Dollars.

The increase in TSMC's sales in November followed the CEO's description of AI demand as "real" when the third-quarter financial performance report was released, and TSMC had predicted a prosperous outlook for the Taiwanese company's performance in October.

Looking at pre-market trading in the US today, TSMC shares (NYSE: TSM) are down about 1%, trading near the level of 197.21 dollars.