TSMC's September sales jump more than 50% year over year
Quick Look
Taiwan Semiconductor Manufacturing Co reported September revenue of NT$511.86 billion ($16.03 billion), up 54.6% year-on-year but down 0.6% from August, with Q3 revenue around NT$1.49 trillion, as the company prepares to report earnings next week amid strong AI chip demand and adoption of ASML's High NA EUV lithography technology.
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Why It Matters
TSMC is the world's largest contract chipmaker and a key supplier to companies like Nvidia and Apple, benefiting from surging demand for advanced AI chips.
The world's largest contract chipmaker Taiwan Semiconductor Manufacturing Co posted revenue of $511.86 billion New Taiwan dollars ($16.03 billion) for September, up 54.6% on the year prior, but down 0.6% on August.
Its third quarter revenue came around $NT1.49 trillion.
The company closed 1.35% lower ahead of releasing monthly figures.
TSMC, which counts Nvidia and Apple among its customers, has been a major beneficiary of surging demand for advanced AI chips.
In September, TSMC committed to using ASML's High NA extreme ultraviolet lithography machines, a key technology for producing more advanced chips, joining Samsung Electronics among customers adopting the technology.
It is scheduled to report its third-quarter earnings next week.
What to Watch
AI outlook — possibilities, not facts
TSMC will report strong third-quarter earnings next week
Likely · Within days
Open Questions
- What were TSMC's exact third-quarter revenue and profit figures?
- How will the adoption of ASML's High NA EUV lithography impact TSMC's production capacity and costs?
- What is the outlook for TSMC's revenue growth in the fourth quarter?
