TSMC’s September sales surge year-over-year as AI drives chip demand
TSMC reported a significant 54.6% year-over-year revenue increase for September, driven by high demand for AI-related chips. The company is also adopting advanced lithography technology from ASML to maintain its competitive edge in chip manufacturing.
Why it matters
As the world's largest contract chipmaker, TSMC's performance is a critical bellwether for the global AI hardware market and the broader semiconductor industry.
The world's largest contract chipmaker Taiwan Semiconductor Manufacturing Co posted revenue of $511.86 billion New Taiwan dollars ($16.03 billion) for September, up 54.6% on the year prior, but down 0.6% on August .
Its third quarter revenue came around $NT1.49 trillion.
The company closed 1.35% lower ahead of releasing monthly figures.
Shares of TSMC TSMC, which counts Nvidia and Apple among its customers, has been a major beneficiary of surging demand for advanced AI chips.
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