Taiwan Semiconductor Manufacturing Company (TSM, Financial) saw a significant rise in its stock price, surging over 3% to reach $207.5 during extended trading sessions. This surge follows the announcement of TSM's impressive financial performance for October 2024.
The company's consolidated revenue for October was approximately NT$314.24 billion, marking a 24.8% increase from the previous month and a 29.2% rise compared to the same period last year, setting a new monthly record. Year-to-date revenue from January to October 2024 totaled around NT$2.34 trillion, which is a 31.5% increase from the last year, also achieving a new record.
