TSMC September sales hit another record as AI boom rolls on
TSMC extended its record revenue streak in September as strong AI chip demand continued to drive growth.
The world's largest contract chipmaker Taiwan Semiconductor Manufacturing Co. extended its historic run of monthly revenue records in September, adding to a banner year fueled by the global buildout of artificial intelligence infrastructure.
The Taiwanese chip giant posted revenue of $511.86 billion New Taiwan dollars ($16.03 billion) for September, up 54.6% on the year prior, but down 0.6% on August .
The company closed 1.35% lower ahead of releasing monthly figures.
TSMC, which counts Nvidia and Apple among its customers, has been a major beneficiary of surging demand for advanced AI chips.
In September, TSMC committed to using ASML's High NA extreme ultraviolet lithography machines, a key technology for producing more advanced chips, joining Samsung Electronics among customers adopting the technology.
It is scheduled to report its third-quarter earnings next week.
