TSMC October revenue up 59.7% year-on-year.

On Nov. 10 that, according to Investor's Business Daily, TSMC's October revenue reached NT$586.89 billion (approximately US$17.85 billion), marking a year-over-year increase of 59.7% and a month-over-month increase of 14.7%, both in local currency.

The report noted that TSMC continues to benefit from strong demand for AI chip production; according to FactSet estimates, the October revenue has put its fourth-quarter performance ahead of expectations.