CNBC3 hours agoBusiness1 min read

TSMC September sales hit another record as AI boom rolls on

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Taiwan Semiconductor Manufacturing Co. reported September revenue of $511.86 billion New Taiwan dollars ($16.03 billion), up 54.6% year-on-year but down 0.6% from August, extending its monthly revenue record streak driven by global AI infrastructure buildout and demand for advanced chips from customers like Nvidia and Apple.

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Why It Matters

TSMC has experienced sustained revenue growth due to global demand for advanced chips driven by artificial intelligence infrastructure expansion.

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The world's largest contract chipmaker Taiwan Semiconductor Manufacturing Co. extended its historic run of monthly revenue records in September, adding to a banner year fueled by the global buildout of artificial intelligence infrastructure.

The Taiwanese chip giant 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.

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, continuing its year-to-date revenue growth trend.
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Open Questions

What specific factors caused the 0.6% monthly revenue decline from August to September?
How will TSMC's adoption of ASML's High NA EUV technology impact its production capacity and timeline for advanced node chips?