TSMC Surpasses Revenue Estimates, Driven by AI Chip Demand

Taiwan Semiconductor Manufacturing Co. reports a significant rise in third-quarter revenue, highlighting sustained demand for AI technology components.

TSMC's third-quarter revenue reached NT$759.69 billion ($23.62 billion), exceeding market forecasts and the company's own projections.
The company saw a 39% year-on-year increase in revenue, attributed to strong demand for AI chips supplied to major clients like Nvidia and Apple.
TSMC's September sales alone were NT$251.87 billion ($7.82 billion), marking a 39.6% increase from the previous year.
Despite market concerns about the sustainability of AI hardware spending, TSMC's performance suggests continued growth in AI-driven chip demand.
The full third-quarter financial results are scheduled to be released on October 17, with anticipation of further insights into TSMC's outlook.