Taiwan Semiconductor Manufacturing Company (TSMC) reported a significant increase in its October revenue, reaching NT$314.24 billion (approximately $9.8 billion), marking a 29.2% year-over-year increase and a 24.8% month-over-month rise. This growth, however, represents the slowest year-over-year growth since February and the first time below 30% since March. TSMC's January-October revenue surged 31.5% year-over-year to NT$2.34 trillion. Despite concerns over AI demand, TSMC plans to continue its investment in the US following Trump's election, even with his stance against the Chips Act. Meanwhile, Semiconductor Manufacturing International Corporation (SMIC) reported its Q3 revenue surpassing $2 billion for the first time, with significant increases in capacity utilization. SMIC remains cautious about expansion due to a prolonged chip glut.