TSMC's October sales jump as global chip boom rolls on

Skip Navigation Markets Business Investing Tech Politics & Policy Video Watchlist Investing Club PRO Livestream Menu Key Points TSMC reported October revenue on Tuesday, up 14.7% from last month. October's figure is up 59.7% from a year earlier. Broadly, Taiwan has reported that its exports surged 58.9% in October, according to government data. In this article TSM Follow your favorite stocks CREATE FREE ACCOUNT The Taiwan Semiconductor Manufacturing Co. (TSMC) logo displayed during a news conference in Taipei, Taiwan, on Thursday, July 16, 2026. TSMC raised its spending and revenue projections for the year, reflecting its confidence that torrid growth in demand for chips and data centers will extend into 2027 and beyond. Photographer: Lam Yik Fei/Bloomberg via Getty Images Bloomberg | Bloomberg | Getty Images Taiwan Semiconductor Manufacturing Co . on Tuesday reported October revenue of 586.89 billion New Taiwan dollars ($17.88 billion), up 59.7% from a year earlier and up 14.7% from the previous month. The world's largest contract chipmaker benefited from strong demand for advanced semiconductors, as major technology companies continue to invest heavily in artificial intelligence. Last month, TSMC reported a record third-quarter net profit of NT$763.1 billion, beating estimates while revenue came at NT$1.49 trillion. Stock Chart Icon Stock chart icon Shares of TSMC on 10 Nov. The chipmaker expects capital expenditure from 2026 to 2028 to be significantly higher than in the previous three years as it continues to invest to support customer demand. Its third-quarter operating margin reached 58.7%, exceeding the upper end of its guidance range of 58%. TSMC shares closed 2.24% higher on Tuesday, amid broader market volatility in Taiwan. The island's financial regulator last week announced tighter short-selling restrictions that took effect Monday, cutting the daily limit on intraday short-selling orders from 30% to 3%. Separately, Taiwan's exports surged 58.9% in October from a year earlier to $96.76 billion, according to government data released Monday. Strong demand for advanced chips helped drive a 61.4% increase in electronic components exports, local media reported , citing the finance ministry. Choose CNBC as your preferred source on Google and never miss a moment from the most trusted name in business news.