Taiwan Semiconductor Manufacturing Co. announced October revenue results reflecting strong momentum in the global semiconductor market. The company generated 586.89 billion New Taiwan dollars in sales for the month, representing a 59.7% increase compared to the same period a year prior and a 14.7% increase from September.
The chipmaker attributed its performance to sustained demand for advanced semiconductors as major technology firms continued substantial capital allocation toward artificial intelligence initiatives. Earlier, TSMC had reported record third-quarter net profit of NT$763.1 billion, surpassing analyst expectations, with quarterly revenue reaching NT$1.49 trillion. The company’s operating margin for the third quarter reached 58.7%, exceeding the upper bound of its previously issued guidance range of 58%.
Looking ahead, TSMC indicated plans to significantly elevate capital expenditure across 2026 to 2028 compared to the preceding three-year period, stating the investments would support ongoing customer demand. The company’s stock appreciated 2.24% on the day of the announcement, though the broader Taiwan market experienced volatility. Separately, Taiwan’s financial regulator had implemented tighter restrictions on short-selling activities earlier in the week, reducing the daily limit on intraday short-selling orders from 30% to 3%.
Taiwan’s overall export performance also reflected the semiconductor sector’s strength. The island’s total exports increased 58.9% year-over-year in October to $96.76 billion. Electronic components exports, bolstered by demand for advanced chips, grew 61.4% during the same comparison period, according to government data.
Article Attribution | Read More at Article Source
Article summary produced by Claude AI