AI NewsWaveTSMC's Third-Quarter Revenue Up More Than 50% as AI Chip Demand Continues
Key points
- TSMC's third-quarter revenue up more than 50%
- September revenue alone up 54.6% from a year earlier
- Read as a sign that AI infrastructure investment continues
Taiwan's TSMC saw its third-quarter revenue this year rise to a record-high level on AI chip demand. IT Chosun and EBN, citing Bloomberg's calculations, reported that third-quarter revenue was about 1.49 trillion Taiwan dollars, up around 51% from a year earlier. EBN converted this to about $46.7 billion.
Digital Today, citing CNBC and TSMC's announcement, reported that consolidated revenue for September was 511.86 billion Taiwan dollars, up 54.6% from a year earlier. The quarterly and monthly growth rates are different figures.
Outlets interpreted this as a sign that the global enthusiasm for AI infrastructure investment is continuing. IT Chosun reported that it is a positive sign for investors trying to gauge the sustainability of AI infrastructure buildout.