TSMC September Sales Hit Another Record as AI Boom Rolls On
The world’s largest contract chipmaker said AI demand lifted revenue 50% from a year earlier, beating analyst estimates from 19 analysts.
- On Thursday, Taiwan Semiconductor Manufacturing Company reported record third-quarter revenue of $1.49 trillion, rising 50% from the year-earlier period due to surging demand for AI applications.
- This historic growth stems from the global buildout of AI infrastructure, with TSMC serving as a major supplier to Nvidia and Apple amid booming chip demand.
- For September alone, TSMC reported revenue rose 54.6% year-on-year to $511.86 billion, though this reflects a 0.6% decline from August figures.
- Despite the record-breaking quarter, TSMC shares closed 1.35% lower on Thursday; the company remains Asia's most valuable firm with a $2.1 trillion market capitalisation.
- TSMC is scheduled to report full third-quarter earnings next week, while in September the manufacturer committed to adopting ASML's High NA extreme ultraviolet lithography machines for advanced chip production.
20 Articles
20 Articles
The world's leading producer of chips ordered by Taiwan Semi-Conductor Manufacturing Company (TSMC) in September increased revenue by 54.6 per cent annually, to $A 511.86 billion ($16.04 billion), as reported in the company's press release.
Beijing, Oct 8 (EFE).- The revenues of TSMC, the world's largest contract semiconductor manufacturer, amounted to 1.49 billion Taiwanese dollars (46,322 million dollars, 41,385 million euros) in the third quarter, an annual increase of 50.9%, amid the strong demand for chips for applications and devices of [...] The entry TSMC sales grew by 50.9% in the third quarter in response to the demand for AI chips was first published in HolaNews.
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