TSMC October Sales Jump 59.7% Year Over Year to NT$586.9 Billion

Compared with September, sales increased by 14.7 percent, according to the company.

TSMC - a subcontractor for American chipmaker Nvidia and tech giant Apple, among others - recently reported a 51 percent increase in sales for the third quarter, which ended in September.

But analysts' expectations are high. The average forecast for this year's third quarter is for a 63 percent year-on-year increase in sales.