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TSMC October Sales Up 17% as Growth Hits Weakest Pace Since February 2024, Nvidia Seeks More Capacity

TSMC now projects full‑year growth in the mid‑30% range under unchanged fourth‑quarter guidance.

Overview

  • October revenue was NT$367.47 billion (about US$11.9 billion), up 11% month over month and 16.9% year over year.
  • The annual growth rate was the slowest since February 2024, decelerating sharply from September’s roughly 31.4%.
  • Management maintained fourth‑quarter revenue guidance of US$32.2–33.4 billion and raised its full‑year growth outlook to the mid‑30% range.
  • Nvidia CEO Jensen Huang asked TSMC for additional wafer supply during a visit to Taiwan, a request CEO C.C. Wei confirmed.
  • TSMC shares climbed roughly 2–3% in early trading as investors balanced firm AI‑related orders with signs of cooling growth.