TSMC's October revenue reached 586.89 billion New Taiwan dollars ($17.88 billion), marking a 59.7% increase year-over-year and a 14.7% rise from September. This growth reflects the ongoing demand for advanced semiconductors as major technology firms invest in artificial intelligence.
In its recent third-quarter earnings, TSMC reported a record net profit of NT$763.1 billion, surpassing expectations, with total revenue of NT$1.49 trillion. The company anticipates that its capital expenditures from 2026 to 2028 will significantly exceed those of the previous three years to meet customer demand.
TSMC's operating margin for the third quarter was 58.7%, exceeding its guidance range. Following this news, TSMC shares rose by 2.24% amid broader market fluctuations in Taiwan, which were influenced by new short-selling restrictions imposed by the financial regulator.
Additionally, Taiwan's overall exports surged by 58.9% in October, driven by a 61.4% increase in electronic components, further underscoring the strong demand for chips