Taiwan Semiconductor Manufacturing (TSMC) announced on Tuesday that its October revenue reached NT$586.89 billion (approximately US$17.88 billion), representing a year-on-year increase of 59.7% and a month-on-month increase of 14.7%.

As the world's largest wafer foundry, TSMC is benefiting from robust growth in demand for advanced semiconductors. As major technology companies continue to invest heavily in the artificial intelligence sector, market demand for advanced chips keeps rising.

Last month, TSMC reported a record-breaking third-quarter net profit of NT$763.1 billion, surpassing market expectations, with revenue for the same period reaching NT$1.49 trillion.

TSMC anticipates that capital expenditure from 2026 to 2028 will be significantly higher than in the previous three years. The company will continue to increase investment to meet customer demand. Its third-quarter operating margin reached 58.7%, exceeding the upper limit of its previous guidance of 58%.

On Tuesday, TSMC's stock price closed up 2.24%.