Particle.news
Download on the App Store

TSMC Lifts Full-Year Growth Outlook as October Sales Slow and Nvidia Asks for More Wafers

Nvidia’s call for additional wafer supply signaled firm AI demand despite the slowest annual growth since February 2024.

Overview

  • October revenue was NT$367.47 billion (about $11.9 billion), up 11% month over month and 16.9% year over year, the weakest annual pace since February 2024.
  • Cumulative sales for January through October reached NT$3,130.44 billion (about $102.6 billion), a 33.8% increase from a year earlier.
  • TSMC raised its full‑year revenue growth forecast to the mid‑30% range, above prior guidance calling for roughly 30%.
  • Nvidia CEO Jensen Huang requested increased wafer capacity from TSMC, and CEO C.C. Wei confirmed the ask to reporters.
  • TSMC shares gained roughly 2%–3% in premarket trading as investors weighed strong AI orders against a decelerating monthly growth rate and forecasts for about 16% quarterly sales growth.