TSMC Q3 revenue exceeds market expectations on surging AI chip demand
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View chart & analysis → - 1TSMC recorded approximately NT$1.49 trillion ($46.7 billion) in Q3 revenue, surpassing the NT$1.46 trillion estimate from Bloomberg analyst surveys.
- 2September revenue growth for TSMC reached 55% year-over-year.
- 3TSMC shares listed in Taipei fell more than 1% to NT$2,555.0.
So what's the key point?
TSMC's third-quarter revenue was higher than experts predicted due to increased demand for artificial intelligence chips. However, TSMC's stock price fell by more than 1 percent.
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