Taiwan's TSMC Q3 Revenue Surges 50% to 'Record High' on AI Chip Demand
Revenue at Taiwan-based TSMC, the world's largest contract chipmaker, rose 50% year over year in the third quarter of this year, reaching a record high.
According to Taiwan's Central News Agency and other outlets on October 8, TSMC posted revenue of 1.494243 trillion Taiwan dollars (approximately 62.87 trillion won) in the third quarter, up 50% from the same period last year. The figure exceeded the expert consensus of 1.46 trillion Taiwan dollars compiled by market research firms.
Revenue in September reached 511.857 billion Taiwan dollars (approximately 21.00053 trillion won), up 54.6% year over year. However, it was down 0.6% from the previous month, when revenue hit a record high.
Cumulative revenue for the first nine months of this year totaled 3.898727 trillion Taiwan dollars (approximately 164.05 trillion won), up 41.1% from the same period last year.
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The revenue growth appears to have been driven by a surge in demand for artificial intelligence (AI) chips, as well as increased chip orders ahead of new smartphone launches. TSMC counts Nvidia and Apple among its major customers.
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