Key facts
- TSMC reported record third-quarter revenue of T$1.49 trillion ($46.71 billion).
- The revenue was up 50% from the year-earlier period.
- Demand for AI applications drove the revenue surge.
- TSMC's revenue beat the market forecast of T$1.46 trillion.
- Revenue from AI and HPC business accounted for 60% of Q3 results.
- TSMC's 3nm technology accounts for 25% of the company's wafer revenue.
Taiwan Semiconductor Manufacturing Co. (TSMC), the world's largest contract chipmaker, announced record third-quarter revenue of T$1.49 trillion ($46.71 billion), surpassing market expectations. This figure represents a 50% increase compared to the same period last year, largely driven by robust demand for artificial intelligence (AI) applications.
An LSEG SmartEstimate, compiled from 19 analysts, had predicted T$1.46 trillion in revenue. TSMC is a key supplier for major technology companies including Nvidia and Apple.
According to additional reporting, revenue from TSMC's AI and High-Performance Computing (HPC) business accounted for 60% of its third-quarter earnings. The company's 3nm technology, which has become an industry standard for AI semiconductors, contributes 25% of its wafer revenue. TSMC's share price has seen a significant surge this year, partly due to sustained AI demand, and its market capitalization had previously surpassed $1 trillion.