TSMC, the world’s largest contract chipmaker, today reported that its third-quarter revenue rose 30% year-on-year, beating Wall Street’s forecasts.
The revenue win comes as demand for the company’s products surged due to increasing interest in AI applications.
Revenue for July-September totaled T$989.92 billion ($32.47 billion), according to the company’s press release, up from T$759.69 billion in the same period last year.
The company, whose customers include Nvidia and Apple, has benefited significantly from recent advancements in AI.
TSMC’s shares listed in Taipei have gained 34% so far this year, compared to an 18.5% increase for the broader market.
Company shares increased by 2% after the release of today’s earnings report.
By CEO NA Editorial Staff
