The Taiwan Semiconductor Manufacturing Co. (TSMC) logo is displayed during a press conference in Taipei, Taiwan, Thursday, July 16, 2026. TSMC raised its spending and revenue forecasts for this year, reflecting confidence that rapid growth in demand for chips and data centers will continue into 2027 and beyond. Photographer: Lam Ik Fay/Bloomberg via Getty Images
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Taiwan Semiconductor Manufacturing Co., Ltd.. Sales for October, announced on Tuesday, were NT$586.89 billion ($17.88 billion), an increase of 59.7% year-on-year and 14.7% month-on-month.
The world’s largest contract chipmaker benefited from strong demand for advanced semiconductors as major technology companies continue to invest heavily in artificial intelligence.
TSMC last month reported a record third-quarter net profit of NT$763.1 billion, while revenue of NT$1.49 trillion exceeded expectations.
TSMC stock on November 10th.
The company expects capital spending from 2026 to 2028 to be significantly higher than the previous three years as it continues to invest to support customer demand. Operating margin reached 58.7% in the third quarter, above the high end of the guidance range of 58%.
TSMC stock closed 2.24% higher on Tuesday, following widespread fluctuations in the Taiwanese market. The island’s financial regulator last week announced tougher short-selling regulations, reducing the daily cap on intraday short selling orders from 30% to 3%, effective Monday.
Separately, government statistics released on Monday showed Taiwan’s exports rose 58.9% year-on-year to $96.76 billion in October. Strong demand for advanced chips led to a 61.4% increase in exports of electronic components, local media reported, citing the Ministry of Finance.
