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TSMC Reports Strong Q3 Revenue, Beating Forecasts with 39.6% YoY Growth

Oct 10, 2024, 04:29 PM

Taiwan Semiconductor Manufacturing Company (TSMC) reported its September revenue at T$251.87 billion, marking a significant year-on-year increase of 39.6%. The company's third-quarter revenue reached T$759.69 billion, surpassing market forecasts of T$750.36 billion. TSMC's September sales amounted to $7.81 billion, reflecting a 0.4% month-on-month increase. This performance underscores TSMC's robust position in the semiconductor industry, particularly as the world's largest chip maker. The strong revenue figures have positive implications for major clients like Nvidia, which has seen its stock nearing record highs. TSMC's advanced 3nm technology is also being utilized by MediaTek in their new AI chipset, further highlighting TSMC's technological leadership.