TSMC's October consolidated revenue hits record high in a single month

China News Service, Taipei, November 10th Taiwan Semiconductor Manufacturing Co., Ltd. (TSMC) announced on the 10th that its consolidated revenue in October was approximately NT$586.89 billion, setting the highest single-month revenue in history.

According to reports from Taiwanese media such as Central News Agency and China Times News Network, TSMC’s consolidated revenue in October increased by 14.7% month-on-month and 59.7% year-on-year. The cumulative revenue in the first 10 months of this year was approximately 4.48562 billion yuan, a year-on-year increase of 43.3%. TSMC’s previous single-month revenue peak was approximately 514.81 billion yuan in August this year.

Lianhe News Network analysis pointed out that investment in artificial intelligence (AI) infrastructure construction continues to expand, and the market’s strong demand for advanced processes and advanced packaging has promoted TSMC’s 3nm and 5nm capacity utilization to increase. At the same time, TSMC's 2-nanometer process has achieved mass production in the fourth quarter of 2025, and this process is expected to become an important support for its subsequent growth.

Despite the eye-catching revenue data, TSMC’s stock price still fluctuated with the Taiwan stock market from late October to early November, triggering market concerns about “whether the AI ​​market is over.” In this regard, Taiwan media analysis believes that this reflects more of a revision of market evaluation rather than a reversal of fundamentals.

Taiwan's "Today Weekly" pointed out that this shock is due to the wait-and-see attitude of the market due to the US mid-term elections on the one hand, and on the other hand it is a correction to the sharp rise in the semiconductor market in the first half of this year.

Taiwan's "Business Weekly" analyzed that the current market semiconductor supply chain has bid farewell to the general rise, and Taiwan's semiconductor industry has also entered a stage of differentiation between strengths and weaknesses. In the past, technology companies have continued to expand capital expenditures. As long as Taiwanese suppliers receive orders and obtain production capacity, they can expect continued revenue growth in the future. Today, TSMC, as the "leader", still has its technological and production capacity advantages, but the "spillover effects" it has driven are receding. As customers reassess investment costs, second- and third-tier suppliers that rely on tight production capacity to obtain orders may become the first to be affected.