Summary:
The world's largest wafer foundry reported on Tuesday that revenue in October reached NT$586.89 billion (equivalent to US$17.88 billion), a year-on-year increase of 59.7% and a month-on-month increase of 14.7%. Major technology companies continue to invest heavily in the field of artificial intelligence, and TSMC is benefiting from the booming demand for advanced semiconductors.
Last month, TSMC delivered a record third-quarter net profit of NT$763.1 billion, exceeding market expectations, with quarterly revenue of NT$1.49 trillion NT dollars.
To continue investing in production capacity to meet customer demand, TSMC expects capital expenditures in 2026-2028 to be significantly higher than the previous three years. The company's third-quarter operating margin reached 58.7%, exceeding the high end of its previous guidance range of 58%.
TSMC shares closed up 2.24% on Tuesday despite broader market volatility in Taiwan. Taiwan's financial regulator last week tightened new rules on short selling that came into effect on Monday, lowering the upper limit for intraday short selling declarations from 30% to 3%.
According to official data released by Taiwan on Monday, Taiwan’s exports surged 58.9% year-on-year in October, reaching US$96.76 billion. Strong demand for advanced chips pushed exports of electronic components up 61.4% year-on-year, local media reported, citing information from the finance department.
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