In September, TSMC generated revenue of $511.86 billion New Taiwan dollars ($16.03 billion), marking a 54.6% increase compared to the same month last year, but a minor decrease of 0.6% from August. For the third quarter, the company's revenue reached approximately NT$1.49 trillion. Despite this strong performance, TSMC's shares closed down 1.35% prior to the release of these figures.
The company, which serves major clients like Nvidia and Apple, is capitalizing on the growing demand for advanced AI chips. Additionally, TSMC has committed to utilizing ASML's High NA extreme ultraviolet lithography machines, a crucial technology for producing next-generation chips, aligning itself with Samsung Electronics in adopting this advanced manufacturing capability.
TSMC is set to report its third-quarter earnings next week, which will provide further insights into its financial health and market position. It is important to note that the initial report incorrectly stated that sales reached a record high in September, which has since been corrected