Taiwan Semiconductor Manufacturing Co. (TSMC) saw its October revenue rise sharply, climbing 59.7% year-on-year to NT$586.89 billion (approximately $18 billion). This marked growth underscores the intense demand for high-performance semiconductors deployed in artificial intelligence technologies, a driving factor behind the surge.
Revenue for the first ten months of the year reached NT$4.49 trillion, representing a 43.3% increase compared to the same period last year. Notably, shares of the company closed 2.2% higher in Taipei prior to the announcement.
Earlier, TSMC had delivered a third-quarter net profit of NT$763.1 billion, surpassing market forecasts, while revenue for the period stood at NT$1.49 trillion. Operating margin was 58.7%, exceeding the top end of its projected range.
Major technology firms, including Nvidia and Apple, count TSMC among their key suppliers, as the demand for next-generation chips continues to expand globally. Analysts expect the company’s momentum to continue, projecting 63% growth in revenue during the final three months of the year.
Additionally, Taiwan’s overall export performance reflected similar trends. Data released by the government showed that exports in October jumped 58.9% year-over-year to $96.76 billion, buoyed by a 61.4% rise in electronic components exports, attributed largely to increasing demand for advanced chips.
