Despite falling demand for electronics in the consumer market, Taiwan Semiconductor Manufacturing Co Ltd's sales rose 50 per cent in November to about $7.3 billion, further boosting its long-term growth, Zhitong financial APP learned.

It is reported that Taiwan Semiconductor Manufacturing Co Ltd is under pressure to diversify the geographical distribution of its advanced chip manufacturing and is working with governments such as the United States and Japan to develop a more global business trajectory. The company has pledged about $36 billion in capital expenditure this year.

Taiwan Semiconductor Manufacturing Co Ltd is also the exclusive supplier of Apple Inc (AAPL.US) iPhone and Mac silicon chips. The company increased its investment in Arizona to $40 billion this week and hosted President Joe Biden, AAPL.US CEO Tim Cook, AMD (AMD.US) CEO and other industry leaders at an event in Phoenix.

For now, Taiwan Semiconductor Manufacturing Co Ltd's share price has fallen more than 20 per cent since the start of the year. Although the global economic slowdown has reduced consumer demand for many products using Taiwan Semiconductor Manufacturing Co Ltd chips, the company and its customers expect demand trends in the long-term electronics market to continue to rise.