TSMC Q3 revenue hits $23.62B, up 36.5% YoY driven by AI demand, stock up 72%.
Taiwan Semiconductor Manufacturing Co. (TSMC) reported third-quarter revenue of T$759.69 billion ($23.62 billion), a 36.5% year-over-year increase, exceeding market expectations, driven by strong demand for artificial intelligence. TSMC's stock has surged 72% this year, outperforming the broader market's 26% rise. The company plans to release full earnings and an updated outlook on October 17.
October 09, 2024
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