Taiwan's semiconductor upcycle continues to strengthen as demand for advanced chips supports another month of rapid growth for the world's largest contract chipmaker. TSMC says October revenue reaches NT$586.89 billion, extending momentum after a record third quarter and highlighting continued investment tied to artificial intelligence.
Highlights
- TSMC reports October revenue of NT$586.89 billion ($17.88 billion), up 59.7% year-on-year and 14.7% month-on-month due to strong AI-driven chip demand.
- TSMC's third-quarter net profit hits a record NT$763.1 billion, operating margin reaches 58.7%, and the company signals higher capex from 2026–2028 versus prior years.
- TSMC shares close 2.24% higher as Taiwan's exports surge 58.9% in October, with electronic components exports jumping 61.4% on robust semiconductor demand.
October sales growth and investment outlook
As reported by CNBC, Taiwan Semiconductor Manufacturing Co. says October revenue totals NT$586.89 billion, or $17.88 billion, up 59.7% from a year earlier and 14.7% from the previous month. The company continues to benefit from strong demand for advanced semiconductors as major technology companies invest heavily in artificial intelligence.Last month, TSMC reported record third-quarter net profit of NT$763.1 billion, beating estimates, while revenue reached NT$1.49 trillion. The chipmaker expects capital expenditure from 2026 to 2028 to be significantly higher than in the previous three years as it continues investing to support customer demand, and its third-quarter operating margin reaches 58.7%, above the upper end of its 58% guidance range.
Taiwan market and export backdrop
TSMC shares close 2.24% higher on Tuesday amid broader market volatility in Taiwan. The island's financial regulator last week announces tighter short-selling restrictions that take effect Monday, cutting the daily limit on intraday short-selling orders from 30% to 3%.Separately, Taiwan's exports surge 58.9% in October from a year earlier to $96.76 billion, according to government data released Monday. Strong demand for advanced chips helps drive a 61.4% increase in electronic components exports, reinforcing the central role of semiconductors in the island's trade performance.
Earlier, we reported that the S&P 500 fell 1.14% as technology and semiconductor stocks slid on worries about AI investment durability and higher borrowing costs.
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