TSMC Reports Slowdown in Monthly Sales Growth

Taiwan‑based chip giant Taiwan Semiconductor Manufacturing Co. (TSMC) saw its October sales climb 16.9% year‑on‑year, marking its weakest monthly growth since February 2024, although the result was still broadly in line with analyst expectations. When converted to US dollars, revenue surged 22.6% to about US$12 billion, thanks in part to a strong Taiwan dollar. Analysts believe the modest slowdown reflects a pull‑forward of earlier orders and currency effects rather than a drop in demand for AI chips—and demand remains strong as major tech firms like Nvidia Corporation, Microsoft Corporation, Alphabet Inc., Amazon com, Inc. and Meta Platforms, Inc. plan to invest over US$400 billion in AI infrastructure next year. Despite the slower growth, TSMC’s stock traded higher on the day, up nearly 3%, and the company’s value has risen about 53% year‑to‑date. #TSMC #ChipIndustry #AIChips #SemiconductorGrowth #SlimScan #GrowthStocks #CANSLIM