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TSMC Reports Record November Revenue and Guides Q4; Faces Full Capacity on Advanced Nodes and Rumored 2026 Price Hike
Wednesday, December 10, 2025 at 05:56 AM
TSMC announced November consolidated revenue of NT$343.614 billion, an all-time high for the month, and provided Q4 revenue guidance of $32.2B-$33.4B. Industry reports indicate that the company's sub-5nm advanced process capacity is fully utilized, necessitating a transition of 7nm capacity to 5nm/3nm, and that TSMC has informed customers of a single-digit price increase for advanced nodes in 2026 due to the capacity shortage. Furthermore, TSMC is expanding CoWoS-L capacity, projected to reach 100k wafers per month by the end of 2026, benefiting partner ASE Technology Holding.
Context
On December 10, 2025, TSMC announced November consolidated revenue of NT$343.61 billion, a 24.5% increase year-over-year. Year-to-date revenue (Jan-Nov 2025) reached NT$3,474.05 billion, up 32.8% from 2024, driven by strong demand for advanced chips. TSMC's Q4 guidance forecasts revenue between US$32.2 billion and US$33.4 billion, with gross margins estimated at 59-61%. Capacity for sub-5nm nodes (5nm/3nm) is fully booked, prompting TSMC to convert some 7nm production. Advanced packaging (CoWoS/CoWoS-L) expansion is also underway to meet high demand from NVIDIA for GPUs and custom ASICs, targeting ~100,000 CoWoS-L wafers per month by end-2026. Industry reports also suggest a rumored 3-10% wafer price increase for sub-5nm nodes in 2026, a matter TSMC declined to comment on. These factors underscore TSMC's dominant position and critical role in the high-demand semiconductor market.
Sources (7)
TSMC November 2025 Revenue ReportTSMC (NYSE: TSM) November revenue hits NT$343.6B, YTD up ...Taiwan Semiconductor Manufacturing Company (TSM)TSMC November 2025 Revenue Report - Taiwan SemiconductorTSMC revenue slips in November, still posts strong yearly growthTSMC Stock Shows November Revenue Dip with Strong Annual ...CPU Price Crisis 2025: TSMC's Wafer Shortage, AMD Price Hikes ...
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