Business · Companies · 3 hrs ago
TSMC October revenue rises 59.7% as chip demand stays strong
Taiwan chipmaker TSMC reported a sharp rise in October revenue of NT$586.89 billion, equal to about $17.88 billion.
Revenue was 59.7% higher than a year earlier and 14.7% above September.
TSMC is the world’s largest contract chipmaker, making semiconductors for other companies.
Strong demand for advanced chips, including from technology companies investing in artificial intelligence, helped drive the increase.
The company also reported record third-quarter net profit last month, while Taiwan’s October exports rose sharply, led in part by electronic components.
TSMC expects much higher capital spending from 2026 to 2028 as it invests to meet customer demand.
TSMC reported October revenue of NT$586.89 billion, up 59.7% from a year earlier.
Revenue rose 14.7% from the previous month.
The world’s largest contract chipmaker benefited from strong demand for advanced semiconductors.
Major technology companies’ investment in artificial intelligence was cited as a driver of chip demand.
- Who
- Taiwan Semiconductor Manufacturing Co. (TSMC).
- What
- It reported October revenue of NT$586.89 billion, up 59.7% year over year.
- When
- Tuesday, November 10, 2026.
- Where
- Taiwan.
- Why
- Strong demand for advanced semiconductors, alongside major technology companies’ investment in artificial intelligence.
This story does not have two clearly opposing sides.
TSMC reported record third-quarter net profit of NT$763.1 billion.
TSMC reported October revenue of NT$586.89 billion.
- October revenue
- NT$586.89 billion
- Year-over-year change
- Up 59.7%
- Month-over-month change
- Up 14.7%
- Third-quarter net profit
- NT$763.1 billion