Post by : Bianca
Haleem
Taipei – TSMC, the world’s largest contract chipmaker, reported a striking 30% year-on-year jump in third-quarter revenue, fueled by soaring demand for chips powering artificial intelligence applications.
For the July-September quarter, the company recorded revenue of T$989.92 billion ($32.47 billion), surpassing last year’s T$759.69 billion. Analysts had forecast T$973.26 billion, showing TSMC comfortably outperformed market expectations. The result also sits within the guidance of $31.8 billion to $33 billion provided by TSMC in July.
TSMC, whose clients include tech giants Nvidia and Apple, has benefited strongly from the AI revolution. The surge in AI-related hardware demand has largely offset the slowdown in consumer electronics, such as tablets and laptops, that had previously driven chip sales during the pandemic.
Taiwan-listed TSMC shares have climbed 34% this year, outperforming the broader market’s 18.5% rise, reflecting investor confidence in the company’s pivotal role in advanced semiconductor manufacturing.
Industry observers note that Taiwan’s Foxconn, the largest contract electronics maker and Nvidia’s main server partner, also reported record third-quarter revenue, highlighting strong momentum across Taiwan’s tech sector.
As the global appetite for AI chips continues to expand, TSMC’s performance signals sustained growth for semiconductor manufacturers, with analysts keeping a close watch on the company’s full third-quarter earnings due on October 16.
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