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BackTSMC’s September sales surge year-over-year as AI drives chip demand
TSMC’s September sales surge year-over-year as AI drives chip demand
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CNBC World3 hours agoBusiness1 min read

TSMC’s September sales surge year-over-year as AI drives chip demand

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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; the company closed 1.35% lower ahead of the release and will report Q3 earnings next week.

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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 rising demand for advanced AI chips.

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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.

Correction: The story has been updated to reflect that sales did not hit a record high in September.

What to Watch

AI outlook — possibilities, not facts

  • TSMC will report its third-quarter earnings next week

    Very likely · Within days

Open Questions

  • What were TSMC's exact third-quarter earnings compared to estimates?
  • How will the adoption of High NA EUV lithography affect TSMC's production capacity and costs?

Related Topics

This article was originally published by CNBC World.

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