TAIPEI (Taiwan News) — Taiwan Institute of Economic Research (TIER) said Wednesday (Oct. 9) that Taiwan Semiconductor Manufacturing Company’s (TSMC) growth is expected to continue into Q4.

TIER researcher Liu Pei-chen (劉佩真) said growth will be driven by orders for Apple processors, combined with the new product effects from Nvidia, MediaTek, and Qualcomm, per CNA.

Liu explained that TSMC holds a dominant position in the market for advanced processes and advanced packaging, with demand exceeding supply. Demand in the mature process market is relatively strong, and TSMC’s robust growth is exceptional, while second-tier foundries continue to face operational pressures.

Regarding domestic and international capacity, Liu mentioned that TSMC's Kumamoto plant in Japan will commence mass production in Q4, and the Arizona plant in the US is expected to follow in the first half of next year.

TSMC’s cumulative revenue for the first nine months reached NT$2.02 trillion, a 31.9% increase compared to the same period last year. Liu said whether TSMC will further raise its full-year operational targets is a focus of attention.