Taiwan Semiconductor Manufacturing Co., Ltd. (TSMC), the world’s largest contract chip producer, posted a 30% surge in third-quarter revenue, fueled by heightened demand for its chips amid a global artificial intelligence boom, according to data released Thursday.
According to Reuters’ calculations, TSMC posted July-September revenue of NTD 989.92 billion (approx. USD 32.47 billion), a significant lift from NTD 759.69 billion in the same period last year.
These figures came in above the LSEG SmartEstimate consensus of NTD 973.26 billion, gathered from 22 analysts, and landed within the chipmaker’s previous guidance in U.S. dollar terms, provided during its July earnings call.
TSMC, whose major clients include Nvidia and Apple, has benefited from surging appetite for high-performance chips, as innovations in AI have helped offset slower demand for consumer electronics like tablets—a trend that had previously been buoyed by pandemic-era purchasing.
The company’s shares, which are listed in Taipei, have rallied 34% year-to-date, easily outperforming the broader Taiwanese equity market’s 18.5% gain.
In monthly terms, TSMC recorded September sales of NTD 331.0 billion, representing a 1.4% decrease from August, but a 31.4% jump compared to the same month last year.
Year-to-date, the firm’s revenue has climbed to NTD 2.76 trillion, an increase of 36.4% from the previous year, though analysts note this marks the second consecutive month of slowing growth momentum.
TSMC is set to publish its comprehensive third-quarter earnings, as well as updated forecasts for the current quarter and full year, on October 16.
