TAIPEI (Reuters) – TSMC, the world’s largest contract semiconductor maker, reported a 30 percent year-on-year rise in third-quarter revenue on Thursday, above expectations, as demand for its products surged due to growing interest in artificial intelligence applications.
Revenue for the July-September period amounted to 989.92 billion Taiwan dollars (27.90 billion euros), according to Reuters calculations, compared to 759.69 billion Taiwan dollars for the previous year’s period.
This result far exceeded the LSEG SmartEstimate of NT$973.26 billion established by 22 analysts, and is within the average of the forecast of 31.8 billion to 33 billion dollars issued by TSMC in July during its last earnings press conference. TSMC only reports its forecasts in US dollars.
TSMC will release its third-quarter results on October 16, along with its updated outlook for the current quarter and full year.
The group, which counts Nvidia and Apple among its clients, has been a major beneficiary of advances in AI, which have more than offset a drop in demand for chips used in consumer electronics, such as tablets, affected by the pandemic.
TSMC stock listed in Taipei has gained 34% since the start of the year, compared to an increase of 18.5% for the entire market.
Taiwan’s Foxconn, the world’s largest contract electronics manufacturer and Nvidia’s largest server maker, also reported exceptional sales, recording its highest third-quarter revenue in its history.
(Written by Ben Blanchard and Faith Hung; Elena Smirnova, edited by Blandine Hénault)
Copyright © 2025 Thomson Reuters
I have over 8 years of experience working in the news industry. I have worked as a reporter, editor, and now managing editor at 247 News Agency. I am responsible for the day-to-day operations of the news website and overseeing all of the content that is published. I also write a column for the website, covering mostly market news.
