TSMC revenue rises 41% as AI chip demand drives growth

What happened: Taiwan Semiconductor Manufacturing (TSM) reported a 41.1% rise in third-quarter revenue, beating estimates, and forecast fourth-quarter sales above market expectations on strong AI chip demand. Key numbers: Q3 revenue up 41.1%. TSM shares down about 2% in premarket. Why it matters: The beat and above-consensus fourth-quarter guidance point to sustained demand for advanced AI chips, even as the stock traded lower before the open. Coverage: 3 outlets in 24h

Taiwan Semiconductor Manufacturing (TSM) reported a 41.1% rise in third-quarter revenue, beating estimates, and forecast fourth-quarter sales above market expectations on strong AI chip demand.

The beat and above-consensus fourth-quarter guidance point to sustained demand for advanced AI chips, even as the stock traded lower before the open.