TSMC Reports Slower October Sales Growth Amid Sustained AI Chip Demand
Taiwan Semiconductor Manufacturing Company (TSMC) posted October revenue of NT$367.47 billion ($11.9 billion), marking a 16.9% year-over-year increase—its slowest growth pace since February 2024. While the deceleration sparked debate about cooling AI chip demand, monthly sales still ROSE 11%, underscoring resilience in high-performance computing markets.
Shares of the chipmaking giant gained 37% year-to-date, buoyed by relentless orders from AI clients like Nvidia. The report arrives as Asian tech stocks face a pullback, with skeptics like Scion Asset Management warning of potential semiconductor sector corrections.
Analysts maintain bullish long-term views, citing TSMC's dominance in advanced node production and strategic positioning to capitalize on AI infrastructure spending from cloud giants including Meta, Alphabet, Amazon, and Microsoft.
