TSMC October Revenue Hits 23.8 Trillion Won, a Monthly Record

Up 59.7% year on year
Demand for AI semiconductors and the 2-nanometer process drives growth

October revenue at Taiwan's TSMC, the world's largest semiconductor foundry, reached about 23.8 trillion won, setting a record high for a single month. Rising demand for AI semiconductors pushed revenue past the previous record set in August, just two months later.

Reuters-Yonhap News

According to Taiwan's Central News Agency (CNA) on November 10 local time, TSMC said its consolidated revenue for October was 586.89 billion New Taiwan dollars, up 59.7% from the same month last year and 14.7% from the previous month. The previous record was revenue of 514.81 billion New Taiwan dollars in August (about 20.9 trillion won).

Market watchers believe demand for semiconductors manufactured using the 2-nanometer process contributed to the increase in revenue. Cumulative revenue for January through October this year was 4.49 trillion New Taiwan dollars (about 182 trillion won), up 43.3% from the same period last year.

TSMC's previously announced revenue forecast for the fourth quarter is $52.3 billion to $54.3 billion (about 69.9 trillion to 72.6 trillion won). The midpoint of the forecast, $53.3 billion, is 58% higher than the same quarter last year and 14% higher than the previous quarter.

Based on this forecast, experts expect revenue in November and December to reach 538.1 billion to 569.9 billion New Taiwan dollars (about 21.8 trillion to 23.1 trillion won) each.

This content was produced with the assistance of AI translation services.