TSMC reports September revenue up 54.6% year over year on AI chip demand

Taiwan Semiconductor Manufacturing Co reported September revenue of NT$511.86 billion ($16.03 billion), up 54.6% from a year earlier but down 0.6% from August, according to CNBC. The world's largest contract chipmaker's third-quarter revenue totaled about NT$1.49 trillion, and CNBC reports that the company is scheduled to release third-quarter earnings the following week.

CNBC attributes the year-over-year growth to surging demand for AI chips. The month-on-month decline is small, so the report shows strong annual growth rather than a sequential acceleration.