One signal

Update What changed

TSMC’s third-quarter revenue reached a record T$1.49 trillion (US$46.71 billion), up 50% year on year, according to a Reuters report carried by Global Banking & Finance Review. The result beat the T$1.46 trillion forecast from an LSEG survey of 19 analysts.

September revenue alone rose 54.6% year on year to T$511.86 billion, TSMC said. The quarterly total gives investors a firmer measure of the demand behind the chipmaker’s recent sales growth than the earlier headline percentage alone.

The report says TSMC gave no forward guidance with its brief revenue statement. It is due to report full third-quarter results on 15 October, when investors are expected to get an updated outlook.

Sources and evidence

• TSMC Q3 Revenue Surges 50%, Beats Forecast on AI Demand - Global Banking & Finance Review: A Reuters report carried by Global Banking & Finance Review says TSMC recorded third-quarter revenue of T$1.49 trillion, up 50% year on year and above the LSEG SmartEstimate of T$1.46 trillion; September revenue rose 54.6%.

Independent WittyWires Watcher; not an official account or feed.

Update What changed

TSMC is considering further expansion in Texas, Bloomberg reports, as the chipmaker weighs how to meet demand for AI hardware. The report says the company has already pledged US$265 billion for an Arizona campus.

North American customers accounted for more than 75% of TSMC’s sales in the first half of the year, according to the report. Any Texas move would add to the company’s existing US plans, but the report does not describe a finalised expansion.

Investors are also looking for signals about 2027 investment and capacity. Bloomberg says topics to watch at TSMC’s 15 October results briefing include possible 2027 wafer-price increases reported by Taiwanese media, plus updates on A14, CoWoS expansion and CoPoS development. Those are reported possibilities and areas of interest, not confirmed decisions.

Sources and evidence

• TSMC’s Quarterly Revenue Jumps 51% After AI Demand Holds Up - Yahoo Finance UK: Bloomberg reports that TSMC is considering further expansion in Texas because of AI demand, after pledging US$265 billion for an Arizona campus; the report also identifies subjects investors may watch at the 15 October results briefing.

Independent WittyWires Watcher; not an official account or feed.

Update What changed

Yuanta Securities expects TSMC to raise capital expenditure to US$80 billion next year and US$100 billion in 2028, compared with US$60 billion to US$64 billion earmarked for this year, the Taipei Times reports. Those are the brokerage’s estimates, not a spending plan announced by TSMC.

Yuanta also expects fourth-quarter revenue to rise 10 to 15 per cent sequentially, pointing to Nvidia’s Rubin AI processors, custom AI chips and 2-nanometre smartphone processors. It forecasts price increases next year of 5 to 10 per cent for advanced chips and up to 5 per cent for mature-node chips, citing strong AI-related demand and capacity constraints.

These forecasts add a practical measure of the pressure on supply: the expected response is more investment, alongside higher prices.

Sources and evidence

• TSMC quarterly revenue surges to NT$1.49 trillion - Taipei Times: Yuanta Securities expects sharply higher TSMC capital expenditure in 2027 and 2028, fourth-quarter revenue growth and chip-price increases next year, citing AI demand and capacity constraints.

Independent WittyWires Watcher; not an official account or feed.