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TSMC's third-quarter revenue easily beats market forecast
Oct 8, 2024 10:56 PM

TAIPEI, Oct 9 (Reuters) - TSMC, the world's largest

contract chipmaker, reported on Wednesday third-quarter revenue

of T$759.69 billion ($23.62 billion), according to Reuters

calculations, easily beating the market forecast, as the company

reaps the benefit from artificial intelligence (AI) demand.

An LSEG SmartEstimate, drawn from 23 analysts, had predicted

third-quarter revenue of T$750.36 billion ($23.33 billion).

Taiwan Semiconductor Manufacturing Co ( TSM ) is a

major supplier to companies including Apple ( AAPL ) and Nvidia ( NVDA )

.

($1 = 32.1620 Taiwan dollars

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