Taiwan Semiconductor Manufacturing (TSM) said Friday its April net revenue rose by 48.1% year over year to 349.57 billion New Taiwan dollars ($11.58 billion).

On a monthly basis, April net revenue rose by 22.2% from March, the company said.

The Taiwanese chip foundry also said revenue for the first four months of the year totaled about NT$1.189 trillion, a 43.5% increase year over year.