Taiwan Semiconductor Manufacturing Company (NYSE:TSM) posted a sharp year-on-year increase in September sales on Thursday, positioning the world’s largest contract chipmaker for a solid third quarter as artificial intelligence continues to drive global semiconductor demand.
Revenue for the month reached T$330.98 billion ($10.84 billion), up 31.4% from a year earlier. While sales slipped 1.4% compared with August, the results point to a Q3 total of T$989.92 billion ($32.48 billion), a significant rise from T$759.69 billion in the same period last year.
The figure beat estimates from Reuters, which had projected T$973.26 billion, and landed near the midpoint of TSMC’s own guidance range of $31.8 billion to $33 billion.
As the world’s top foundry, TSMC has enjoyed robust earnings growth for several years, fueled by soaring demand for chips powering AI development. The company supplies leading technology firms including NVIDIA Corporation and Apple Inc., with server and data center chip demand helping to offset lingering weakness in consumer electronics.
TSMC shares have gained about 35% year-to-date in 2025, reaching multiple record highs over the past week as investor optimism around AI shows little sign of slowing.
Taiwan Semiconductor stock price
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