TSMC October revenue jumps 59.7% to $18.4 billion on AI chip demand

TSMC reported October revenue of $18.4 billion, up 59.7% year-over-year, driven by sustained demand for AI chips. The surge underscores how AI infrastructure spending is flowing through the semiconductor supply chain and lifting Taiwan's export economy. The result reinforces TSMC's position as a key beneficiary of AI accelerator orders from major chip designers. Investors will watch whether the pace holds through year-end and how advanced-node capacity and pricing trend into 2025.