Major Apple supplier TSMC, the world’s leading semiconductor manufacturer, reported strong third-quarter revenue that surpassed both market expectations and its own forecasts.

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	Forwarded this email? Subscribe here for more Major Apple supplier TSMC’s third-quarter revenue easily beats market forecast MacDailyNews Oct 9   READ IN APP   Major Apple supplier TSMC, the world’s leading semiconductor manufacturer, reported strong third-quarter revenue that surpassed both market expectations and its own forecasts. This growth was primarily driven by the surging demand for artificial intelligence chips. Reuters: ‎ Revenue in the July-September period of this year came in at T$759.69 billion ($23.62 billion), according to Reuters calculations, compared with an LSEG SmartEstimate of T$750.36 billion ($23.33 billion) drawn from 23 analysts. That represents growth of 36.5% on-year, compared with $17.3 billion in the year-ago period. For September alone, TSMC reported revenue jumped 39.6% year-on-year to T$251.87 billion. TSMC will report full third quarter earnings on Oct. 17, when it will also update its outlook. ‎ MacDailyNews Take: It’s “all systems go” at TSMC. We are currently about 1/5th of the way to being sustainable with Substack subscriptions. Not a bad start! Please tell your Apple-loving friends about MacDailyNews on Substack and, if you’re currently a free subscriber, please consider $5/mo. or $50/year to keep MacDailyNews going. Just hit the subscribe button. Thank you! Read on Substack ‎ Please help support MacDailyNews — and enjoy subscriber-only articles, comments, chat, and more — by subscribing to our Substack: macdailynews.substack.com. Thank you! Support MacDailyNews at no extra cost to you by using this link to shop at Amazon. The post Major Apple supplier TSMC’s third-quarter revenue easily beats market forecast appeared first on MacDailyNews. You're currently a free subscriber to MacDailyNews. For the full experience, upgrade your subscription. Upgrade to paid   Like Comment Restack   © 2024 MacDailyNews 548 Market Street PMB 72296, San Francisco, CA 94104 Unsubscribe