TSMC Reports 59.7% Year-on-Year Revenue Growth in October Driven by AI Demand
Taiwan Semiconductor Manufacturing Co. (TSMC) reported October revenue of NT$586.89 billion ($17.88 billion), marking a significant 59.7% increase compared to the previous year and a 14.7% rise from September. The growth is primarily attributed to surging demand for advanced semiconductors fueled by massive investments in artificial intelligence and data centers. The company's strong performance aligns with broader economic trends in Taiwan, where exports surged 58.9% in October, led by a 61.4% jump in electronic components. Looking ahead, TSMC expects capital expenditure from 2026 to 2028 to be substantially higher than the preceding three years to meet sustained customer demand.
Tickers: $TSM
Topics: AI demand capital expenditure semiconductor revenue Taiwan exports
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