Major Apple supplier TSMC’s third-quarter revenue easily beats market forecast

Major Apple supplier TSMC, the world’s leading semiconductor manufacturer, reported strong third-quarter revenue that surpassed both market expectations and its own forecasts. This growth was primarily driven by the surging demand for artificial intelligence chips.
Reuters:
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Revenue in the July-September period of this year came in at T$759.69 billion ($23.62 billion), according to Reuters calculations, compared with an LSEG SmartEstimate of T$750.36 billion ($23.33 billion) drawn from 23 analysts.
That represents growth of 36.5% on-year, compared with $17.3 billion in the year-ago period.
For September alone, TSMC reported revenue jumped 39.6% year-on-year to T$251.87 billion. TSMC will report full third quarter earnings on Oct. 17, when it will also update its outlook.

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MacDailyNews Take: It’s “all systems go” at TSMC.

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