Today, Taiwan Semiconductor announced its October revenue data, which increased by 29.2% year-on-year, setting a new monthly record.

As a result, Taiwan Semiconductor's U.S. stock night session rose by over 3%.

The growth rate has slowed down.

Data shows that Taiwan Semiconductor's consolidated revenue in October was approximately 314.24 billion New Taiwan dollars, an increase of 24.8% from the previous month, 29.2% year-on-year, setting a new monthly record.

It is worth noting that the 29.2% year-on-year growth rate of Taiwan Semiconductor's October revenue is the lowest since February. From March to September this year, Taiwan Semiconductor's monthly growth rates have all exceeded 30%. This reminds people to pay attention to the sustainability of AI chip demand.

Analysts predict that in the fourth quarter of this year, Taiwan Semiconductor's revenue will increase by 36.1% year-on-year.

From January to October, taiwan semiconductor's revenue was approximately 2.34 trillion New Taiwan dollars, an increase of 31.5% compared to the same period last year, also reaching a new high.

Thanks to the AI boom, taiwan semiconductor, as the world's largest contract chip manufacturer, provides chips to apple and nvidia, with both its performance and stock price performing very well.

In the third quarter of this year, taiwan semiconductor's revenue and net income both exceeded expectations, with revenue of about 759.69 billion New Taiwan dollars, a year-on-year growth of 39%; net income was 325.3 billion New Taiwan dollars, a year-on-year growth of 54%.

In the US stock market performance, taiwan semiconductor's stock price has risen by over 95% so far this year, hitting a historical high of $212.6 per share on October 17th, becoming the first Asian technology company to surpass 1 trillion dollars in market cap.

Subsequently, taiwan semiconductor experienced a pullback, closing up 4.12% yesterday at $201.19 per share, needing only about a 5.7% increase to reach the historical high.

The latest total market cap is 939.965 billion US dollars, ranking seventh in the US stock market and once again approaching the trillion dollar mark.

The US government subsidies are expected to accelerate implementation.

This week, Trump won a landslide victory in the 2024 US presidential election. During his campaign, he accused Taiwan of taking away America's semiconductor business and job positions.

Regarding the 'Chips and Science Act' introduced by the current Biden administration, Trump called it 'absolutely terrible,' hinting that tariffs might be a better solution.

Trump stated that he could use tariffs instead of subsidies to have companies like Taiwan Semiconductor build and expand chip manufacturing plants in the US.

As a result, the market is concerned that Trump's presidency will have a significant impact on Taiwan Semiconductor and other **** chip manufacturers, as well as US government subsidies.

To prevent any changes, the Biden administration is working hard to allocate funds for the 'Chips and Science Act' before the end of January next year.

The bill will allocate $39 billion in subsidies, billions of dollars in loans, and a 25% tax credit to revitalize the US semiconductor manufacturing industry.

In response, Taiwan Semiconductor stated that the company's investment plans in the US remain unchanged, without providing specific details.

Currently, Taiwan Semiconductor is investing $65 billion in the establishment of three chip manufacturing plants in Arizona, usa.

According to a preliminary agreement with the US Department of Commerce, Taiwan Semiconductor is expected to receive a $6.6 billion chip subsidy and up to $5 billion in loans.

The latest information reveals that Taiwan Semiconductor and GlobalFoundries have completed binding agreement negotiations for billions of dollars in subsidies and loans to support the US factories.

Sources familiar with the matter stated that the subsidy amount is roughly the same as in the preliminary agreement.