TSMC's October Revenue Rises 59.7% Year Over Year

深潮 TechFlow reported on November 10 that, according to Investor's Business Daily, TSMC's October revenue reached NT$586.89 billion, equivalent to about US$17.85 billion, up 59.7% year over year in local currency and up 14.7% month over month.

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

Source: 深潮 TechFlow