TAIPEI (Taiwan News) — TSMC reported Thursday that its Q3 revenue surged to a record NT$989.9 billion (US$32.44 billion), fueled by strong demand for AI and high-performance computing chips.

September revenue was NT$330.98 billion, down 1.4% from August but up 31.4% from a year earlier, per CNA. Cumulative revenue for the first nine months of the year climbed 36.4% year-on-year to NT$2.76 trillion, underscoring the company’s dominant position amid the global AI boom.

TSMC had projected Q3 revenue between NT$922.2 billion and NT$957 billion at an exchange rate of NT$29 to the US dollar. A more favorable rate helped the company surpass that range.

The chipmaker is set to announce detailed Q3 earnings and Q4 outlook at its online investor conference on Oct. 16. Analysts expect softer demand for smartphones and PCs due to seasonal factors but strength in AI and high-performance chips to drive expansion.

Market watchers are also eyeing whether TSMC will raise its full-year US dollar revenue target, alongside updates on its 2 nm technology roadmap and overseas expansion plans. Other interests include the company’s response to US tariff policies and potential collaboration with Intel.