TSMC Q3 Revenue Surges on AI Demand, Beating Forecasts

TSMC, the top contract chipmaker globally, exceeded market and internal revenue projections for the third quarter, driven by strong demand for artificial intelligence technology. Their July-September revenue showed substantial growth year-on-year. While a direct comparison is difficult due to currency reporting differences, TSMC`s revenue surpassed their own prior forecast. Detailed financial results and future projections will be released later in October. TSMC`s stock performance has significantly outpaced the overall market this year.