Investing.com– Taiwan Semiconductor Manufacturing Co (NYSE:) (TSMC) clocked a slower tempo of gross sales development in October than within the prior month, the corporate stated on Friday, whereas development in its gross sales for the 12 months additionally fell barely.
TSMC’s October income was T$314.24 billion ($9.80 billion), up 24.8% from the prior month and up 29.2% from October 2023.
However the year-on-year determine slowed considerably from the almost 40% development seen within the prior month.
Income for January to October rose to T$2.340 trillion, up 31.5% from the identical interval final 12 months. However this was additionally barely softer than the 31.9% rise seen within the January to September interval.
TSMC- the world’s greatest contract chipmaker- clocked stellar earnings within the September quarter, as demand from the substitute intelligence sector for its superior chips remained robust. The agency additionally flagged an improved outlook for the approaching 12 months from strong AI demand.
However TSMC warned that chip demand from different sectors, particularly private computer systems, smartphones and shopper electronics, was weakening, with little indicators of enchancment.
The agency is a key element of the chipmaking provide chain, and is a significant provider to U.S. tech giants reminiscent of NVDA and AAPL.