TSMC October Revenue Hits Record $17.81 Bn on Skyrocketing AI Chip Demand

Taiwan Semiconductor Manufacturing Company (TSMC) reported its highest-ever monthly revenue in October, with sales rising 59.7% year-on-year as demand for advanced chips continues to expand.

The world's largest contract chipmaker posted consolidated revenue of NT 586.89 billion (approximately $17.81 billion), up 14.7% from September. Revenue for January to October reached $140 billion, marking a 43.3% increase from the corresponding period last year. 

The latest figures reflect growing demand for advanced semiconductor manufacturing as technology companies expand their artificial intelligence (AI) infrastructure.

October revenue surpassed TSMC's previous monthly record of $15.63 billion, reported in August. September revenue stood at $15.54 billion.

The growth comes amid rising demand for chips manufactured using advanced process technologies, including TSMC's 2-nanometre (2nm) technology, which has entered commercial production. 

TSMC had also raised its full-year 2026 revenue growth forecast to approximately 44% in US dollar terms during its October earnings conference, compared with its earlier projection of slightly above 40%. The company attributed the revision to robust demand for its advanced manufacturing processes.

For the fourth quarter, TSMC expects consolidated revenue between $52.3 billion and $54.3 billion. 

In Q3, TSMC confirmed that high-performance computing expanded 22% QoQ, rising to represent 68% of its total corporate revenue. The 2nm process technology accounted for 8% of total wafer revenue in the quarter.

The company’s shares closed 2.24% higher on the Taiwan Stock Exchange on November 10.

The company's performance comes amid concerning developments among major players in the AI semiconductor industry. TSMC manufactures chips for several technology companies, including NVIDIA, which has faced scrutiny following reports of an investigation involving CEO Jensen Huang and his relationship with an accused Chinese spy, and a proposed shareholder lawsuit. 

NVIDIA shares fell 4.3% on November 9, wiping approximately $190 billion off its market value, according to Reuters.