Market Chatter: Taiwan Semiconductor Q3 Revenue Rises 51% on AI Demand

MT Newswires Live
1 hour ago

Taiwan Semiconductor Manufacturing (TSM) logged a 51% jump in quarterly revenue, helped by the AI boom, Bloomberg reported Thursday, citing its own calculations.

The chipmaker reported revenue of 1.49 trillion New Taiwan dollars ($46.7 billion) over the three-months ended in September, according to Bloomberg. Analysts polled by FactSet expect revenue of NT$1.45 trillion.

A year earlier, the company posted Q3 revenue of NT$989.92 billion.

The company, which is scheduled to report its Q3 results on Oct. 15, did not immediately respond to MT Newswires' request for comment.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

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