TSMC Stock Rises. There's Life in Chip Stocks After All.

Taiwan Semiconductor Manufacturing’s latest monthly sales suggest the chip maker is doing better than expected.

The world’s largest third-party semiconductor chip manufacturer announced its sales numbers for September on Friday. TSMC’s revenue for the month fell 13% from the prior year and dropped 4.4% from August. TSMC’s monthly reports indicate its quarterly sales came to 546.7 billion Taiwanese dollars, or around $17.0 billion. Analysts had forecast sales of 534.8 billion Taiwanese dollars, according to a FactSet consensus. TSMC makes the main processors inside Apple iPhones, Qualcomm mobile chipsets, and processors made by Advanced Micro Devices .

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