TSMC's October revenue of NT $243.2 billion: an increase of 15.7% over the same period last year and 34.8% month-on-month growth

CTOnews.com news on November 10, TSMC today released its October 2023 revenue report.

Consolidated revenue in October 2023 was about NT $243.203 billion (CTOnews.com Note: currently about 54.964 billion yuan), an increase of 34.8% over the previous month and 15.7% over the same period last year.

Cumulative revenue from January to October 2023 was about NT $1.77941 trillion (currently about 402.147 billion yuan), down 3.7 per cent from the same period last year.

TSMC's revenue in the third quarter was 546.73 billion New Taiwan dollars (currently about 123.561 billion yuan), down 10.8 percent from a year earlier, up 13.7 percent from a month earlier, and its net profit in the third quarter was 210.8 billion New Taiwan dollars (currently about 47.641 billion yuan), down 25.0 percent from a year earlier and up 16.0 percent from a month earlier.

TSMC is accelerating towards 2nm. According to MoneyDJ, the TSMC plant in Hsinchu Baoshan is expected to start installing equipment in the second quarter of 2024 and mass production in the fourth quarter of 2025, with an initial monthly production of about 30,000 wafers.