Capital · Asia-Pacific

TSMC’s September sales surge year-over-year as AI drives chip demand

Credited to CNBC · cnbc.com · 11h ago

CHINA - 2026/09/25: In this photo illustration, the TSMC logo is seen displayed on a tablet screen. (Photo Illustration by Sheldon Cooper/SOPA Images/LightRocket via Getty Images)

Sopa Images | Lightrocket | Getty Images

The world's largest contract chipmaker Taiwan Semiconductor Manufacturing Co posted revenue of $511.86 billion New Taiwan dollars ($16.03 billion) for September, up 54.6% on the year prior, but down 0.6% on August.

Its third quarter revenue came around $NT1.49 trillion.

The company closed 1.35% lower ahead of releasing monthly figures.

TSMC, which counts Nvidia and Apple among its customers, has been a major beneficiary of surging demand for advanced AI chips.

In September, TSMC committed to using ASML's High NA extreme ultraviolet lithography machines, a key technology for producing more advanced chips, joining Samsung Electronics among customers adopting the technology.

It is scheduled to report its third-quarter earnings next week.

Correction: The story has been updated to reflect that sales did not hit a record high in September.

Models & LabsUnited States

OpenAI annualised revenues $20bn less than previously signalled

Credited to Financial Times$ · ft.com1h ago

Useful

AI group recently told investors the critical figure was approaching $50bn in September, far less than the $70bn that was widely reported

View the article · $Financial Times

Front Method

Capital · United States

SpaceX in talks to borrow $40 billion to buy Nvidia chips

Credited to The Hindu BusinessLine · thehindubusinessline.com · 2d ago

Photograph · The Hindu BusinessLine

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Tech companies and AI model developers are investing and borrowing hundreds of billions of dollars to build and lease giant data centers full of chips to power AI systems

By Bloomberg

Elon Musk’s SpaceX is in talks with banks and investors to raise $40 billion of debt to buy chips from Nvidia Corp., people familiar with the matter said, underscoring the insatiable demand among AI developers for more computing power.

Pacific Investment Management Co. is one of the investment managers looking at the deal, said the people, who spoke on condition of anonymity as the talks are private. SpaceX’s fundraising discussions are in an early stage and could end without a deal being completed, they said.

Musk’s AI, satellite and rocket conglomerate is seeking to raise about $10 billion in bank loans and $30 billion in investment-grade debt to pay for the chips, the Financial Times reported earlier, citing unnamed sources familiar with the matter.

Apollo Global Management Inc. is leading the financing, in a deal that is expected to close in 2027, the newspaper said.

Tech companies and AI model developers are investing and borrowing hundreds of billions of dollars to build and lease giant data centers full of chips to power AI systems.

The worldwide expansion of computing capacity has sent the cost of everything from land to chips and power-generation equipment soaring, touching off a series of massive financing deals.

Nvidia, SpaceX and Apollo didn’t immediately respond to requests for comment. SpaceX shares erased gains in postmarket trading following the FT’s report, falling 1.2 per cent in US postmarket trading to $169.79. Nvidia’s stock rose fractionally.

Just last month, Musk said Colossus 2, an AI computing cluster built by his xAI business, may more than double its current Nvidia chip count by the end of the year. It was the most detailed timetable that the trillionaire has given yet for expansion plans for the Memphis-area cluster.

Colossus 2 now has 110,000 Nvidia GB200 chips and 440,000 GB300s, Musk said in a post on X. A further 220,000 GB300s are due to be operational next week, with another 220,000 expected in November, he said. An additional 220,000 may come online late December “if we get lucky,” he said.

Musk’s xAI has recruited multiple Wall Street firms to test its Grok chatbot, including Apollo and Morgan Stanley.

Apollo was among the US investment giants that Nvidia tapped for a high-profile partnership in August to source $500 billion in financing for AI infrastructure.

The coalition — which also includes Blackstone Inc., BlackRock Inc., Brookfield Asset Management, Goldman Sachs Group Inc. and KKR & Co. — said at the time that they’d “create dedicated pools of capital at significant scale at attractive rates for Nvidia customers.”

Executives indicated that it will focus on debt financing to provide access to compute for Nvidia’s largest customers and signaled that there were already many deals in the works that would qualify toward this commitment.

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