TSMC's third-quarter revenue surges 50% year over year, beating market forecast
TSM•TSMC reported record third-quarter revenue of T$1.49 trillion ($46.71 billion), up 50% from a year earlier and above the T$1.46 trillion analyst forecast. The company attributed the growth to surging demand for AI applications.
1. Record quarterly revenue
Taiwan Semiconductor Manufacturing Co. reported third-quarter revenue of T$1.49 trillion ($46.71 billion), a 50% increase from the year-earlier period. Revenue beat the T$1.46 trillion forecast drawn from 19 analysts.
2. AI demand
TSMC said surging demand for AI applications drove the growth. It is a major supplier to companies including Nvidia and Apple.
