TAIWAN-POLITICS-CYBERSECURITY
TSMC announced consolidated revenue of NT$586.89 billion for October 2026, a 59.7% year-on-year increase and a record high for a single month. Market analysts believe that demand for AI chips and shipments of 2nm advanced process technology were key drivers of revenue growth.

Global demand for artificial intelligence (AI) chips continued to boost Taiwan's semiconductor industry. Taiwan Semiconductor Manufacturing Co. (TSMC) announced on Nov. 10 that its consolidated revenue for October 2026 reached a record NT$586.89 billion, up 59.7% from a year earlier and 14.7% from September, marking the company's highest monthly revenue ever.

According to a Nov. 10 report by Central News Agency (CNA), TSMC's October revenue not only surpassed September's figure but also exceeded the previous high of NT$514.81 billion set in August, reflecting continued strong global demand for AI applications and advanced chips.

TSMC said October consolidated revenue was equivalent to about US$17.81 billion. Revenue for the first 10 months of 2026 totaled NT$4.49 trillion, an increase of 43.3% from the same period last year.

Market analysts said rising demand for chips made using TSMC's advanced processes—particularly shipments of chips produced with the 2nm process—may have been a key factor behind October's revenue growth. The 2nm process is currently TSMC's most advanced technology to enter commercial mass production.

At an investor conference held in mid-October, TSMC forecast fourth-quarter 2026 consolidated revenue of between US$52.3 billion and US$54.3 billion. The midpoint would represent year-on-year growth of about 58% and an increase of about 14% from the third quarter.

Based on the exchange rate used in the forecast, fourth-quarter revenue was estimated at approximately NT$1.66 trillion to NT$1.73 trillion. Analysts used the company's guidance to estimate that monthly revenue in November and December could range from NT$538.1 billion to NT$569.9 billion.

TSMC also raised its full-year 2026 US dollar revenue growth forecast in mid-October, from slightly above 40% in its July estimate to about 44%. The company said the revision was mainly driven by strong demand for advanced processes.

As the AI server, data center and high-performance computing markets continue to expand, TSMC's role in advanced chip manufacturing has drawn close attention from the global technology industry. The market will also continue to monitor the ramp-up of 2nm mass production, customer orders and the AI investment cycle to assess the semiconductor industry's future growth momentum.