Summary by Futu AI
Taiwan Semiconductor Manufacturing Company Ltd. (TSMC), a leading semiconductor manufacturer, reported a significant increase in revenue for October 2024. The company's consolidated net revenue for the month reached NT$314.24 billion, marking a 24.8% rise from September 2024 and a 29.2% increase from October 2023. The revenue from January to October 2024 totaled NT$2,340.09 billion, which is a 31.5% increase compared to the same period the previous year. The financial report, filed with the United States Securities and Exchange Commission on November 8, 2024, also detailed TSMC's lending activities, endorsements, guarantees, and financial derivative transactions. Notably, TSMC China and TSMC Development have outstanding loan amounts of NT$30.61 billion and NT$961.86 million, respectively. Guarantees were provided to various TSMC subsidiaries, including TSMC North America, TSMC Global, TSMC Arizona, and TSMC Design Technology Japan. The report also included information on financial derivatives, with TSMC and its subsidiaries engaging in forward contracts and futures, some applying hedge accounting and others not.