TSMC's revenue in October increased by 59.7% year-on-year

According to Investor's Business Daily, TSMC's revenue in October reached 586.89 billion New Taiwan dollars, approximately 17.85 billion US dollars, with a year-on-year growth of 59.7% and a month-on-month growth of 14.7% in local currency.

The report pointed out that TSMC continues to benefit from strong demand for AI chip production; according to FactSet estimates, the October revenue puts its fourth-quarter performance ahead of expectations.