Chipmaker TSMC Posts First Monthly Sales Gain Since February
- TSMC’s October revenue gained almost 16% in strong showing
- TSMC has predicted the chip market is on the brink of rebound
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Taiwan Semiconductor Manufacturing Co. posted its first monthly sales gain since February, underlining expectations that the global chip market is on the brink of a gradual recovery from Covid-era troughs.
The world’s largest supplier of made-to-order chips recorded a 15.7% gain in revenue to NT$243.2 billion ($7.5 billion) in October, the first time monthly sales have grown from a year earlier since February. But revenue for the first 10 months was down 3.7% to NT$1.78 trillion.