TSMC Sets New Monthly Revenue Record Amid AI Demand Surge
Taiwan Semiconductor Manufacturing Co. (TSMC) reported record September net revenue of $16.03 billion, a 54.6% increase from the same period last year and extending its streak of monthly records. The growth is attributed to strong demand for advanced AI chips as global infrastructure for artificial intelligence continues expanding. Despite this positive performance, TSMC's September sales were slightly down by 0.6% compared to August. Ahead of releasing these figures, the company’s shares fell 1.35%. As a key supplier to major tech firms like Nvidia and Apple, TSMC has benefited significantly from rising demand for high-end chip manufacturing. TSMC also announced plans to use ASML's High NA extreme ultraviolet lithography machines in its production process, aligning with Samsung Electronics in adopting this cutting-edge technology. The company is set to report third-quarter earnings next week.
Tickers: $ASML
Topics: AI chips revenue growth semiconductors TSMC