• Investing
  • Stock
  • Editor’s Pick
  • Economy
The Significant Deals
Stock

TSMC sales grow 29% in October, but at slower pace from prior month

by November 8, 2024
written by November 8, 2024

Investing.com– Taiwan Semiconductor Manufacturing Co (NYSE:TSM) (TSMC) clocked a slower pace of sales growth in October than in the prior month, the company said on Friday, while growth in its sales for the year also fell slightly.

TSMC’s October revenue was T$314.24 billion ($9.80 billion), up 24.8% from the prior month and up 29.2% from October 2023. 

But the year-on-year figure slowed substantially from the nearly 40% growth seen in the prior month. 

Revenue for January to October rose to T$2.340 trillion, up 31.5% from the same period last year. But this was also slightly softer than the 31.9% rise seen in the January to September period.

TSMC- the world’s biggest contract chipmaker- clocked stellar earnings in the September quarter, as demand from the artificial intelligence sector for its advanced chips remained strong. The firm also flagged an improved outlook for the coming year from robust AI demand.

But TSMC warned that chip demand from other sectors, especially personal computers, smartphones and consumer electronics, was weakening, with little signs of improvement. 

The firm is a key component of the chipmaking supply chain, and is a major supplier to U.S. tech giants such as NVDA and AAPL.

This post appeared first on investing.com
0 comment
0
FacebookTwitterPinterestEmail

previous post
Allegiant Air pilots vote to authorize strike action, union says
next post
Japan’s political kingmaker says Trump policies may weaken yen

You may also like

BASF results down on impairments, restructuring

January 27, 2025

European chipmakers slump as traders gauge DeepSeek AI...

January 27, 2025

Nasdaq futures tumble as China’s AI push rattles...

January 27, 2025

China Vanke’s CEO, chairman resign amid growing liquidity...

January 27, 2025

Fuji Media, rocked by sexual misconduct allegations, says...

January 27, 2025

Italy’s MPS shares fall ahead of Mediobanca board...

January 27, 2025

British Land stock drops following stake sale

January 27, 2025

UMG shares rally after new multi-year pact with...

January 27, 2025

BASF shares indicated 3% lower as impairments drag...

January 27, 2025

Ryanair cuts 2026 traffic forecast amid ongoing Boeing...

January 27, 2025
Fill Out & Get More Relevant News








    Stay ahead of the market and unlock exclusive trading insights & timely news. We value your privacy - your information is secure, and you can unsubscribe anytime. Gain an edge with hand-picked trading opportunities, stay informed with market-moving updates, and learn from expert tips & strategies.

    Recent Posts

    • Divided Fed proposes rule to ease capital requirements for big Wall Street banks

      June 26, 2025
    • Women’s Tennis Association extends media rights deal with Tennis Channel through 2032

      June 26, 2025
    • Bumble shares jump 26% as dating company plans to axe 30% of workforce

      June 26, 2025
    • Small-business AI use is lagging, but one firm is channeling Sherlock Holmes and knocking out ‘grunt work’

      June 25, 2025

    Categories

    • Economy (245)
    • Editor's Pick (3,646)
    • Investing (534)
    • Stock (6,426)

    Latest News

    • Divided Fed proposes rule to ease capital requirements for big Wall Street banks
    • Women’s Tennis Association extends media rights deal with Tennis Channel through 2032

    Popular News

    • How investments may fare during Trump 2.0 and Fed easing
    • Berkshire bites into Domino’s Pizza, dips into Pool amid stock retreat

    About The Significant deals

    • Privacy Policy
    • Terms & Conditions

    Copyright © 2025 thesignificantdeals.com | All Rights Reserved

    The Significant Deals
    • Investing
    • Stock
    • Editor’s Pick
    • Economy