BUSINESS

TSMC reported third-quarter revenue of NT$1.49 trillion, up 50% year on year and above market expectations, driven by demand for AI applications. Investors will next focus on the company's earnings, profitability and operating outlook.

The expansion of AI data centers is driving demand for DRAM and HBM, improving Samsung Electronics’ earnings outlook. However, memory industry cycles, capital spending and differences in business models have kept its valuation below Nvidia’s.

Foxconn’s third-quarter revenue reached NT$3.03 trillion, up 47% year on year and above market expectations. Demand for AI servers drove growth in its cloud and networking products, while monthly revenue topped NT$1 trillion for the first time in September.

Taiwan's involvement in US drone manufacturing is increasing, with companies like Shield AI and AeroVironment sourcing more components locally. However, scaling production requires long-term procurement commitments from governments.