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

📆 10/6/2023 9:03 AM
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Taiwan Semiconductor Manufacturing makes the main processors inside Apple iPhones, Qualcomm mobile chipsets, and processors made by Advanced Micro Devices.

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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