TSMC Reports October Revenue of 13.6 Trillion KRW, Up Approximately 30% Year-on-Year

Taiwan's TSMC, the world's largest foundry (semiconductor contract manufacturer), recorded a sales growth of about 30% last month.

On the 8th, TSMC announced that its October sales reached 314.24 billion New Taiwan dollars (approximately 13.6 trillion Korean won), a 29.2% increase compared to the same period last year.

This is a 24.8% increase compared to the September sales of 251.873 billion New Taiwan dollars.

As a result, TSMC's cumulative sales from January to October this year amounted to 2.34 trillion New Taiwan dollars, a 31.5% increase compared to the same period last year.

TSMC is a contract manufacturer of cutting-edge semiconductors necessary for training AI models and is considered a key beneficiary amid the global artificial intelligence (AI) boom.

TSMC's net profit for the third quarter of this year, announced last month, was 325.26 billion New Taiwan dollars (approximately 13.8 trillion Korean won), a sharp increase of 54.2% compared to the same period last year. This also exceeded market expectations of 300 billion New Taiwan dollars (approximately 12.7 trillion Korean won).

However, Bloomberg News noted, "TSMC's October sales growth rate is the lowest since February," calling it "a warning sign about the sustainability of AI chip demand."

TSMC's stock price on the Taiwan stock market has risen more than 80% since the beginning of this year.