TSMC Hits $46.7 Billion Revenue Milestone on Surging AI Chip Demand

Key Facts

1TSMC reported revenue of $46.7 billion driven by surging demand for AI chips.

2Disney entered into a $60 million deal with Character.AI as part of its tech expansion.

TSMC reported revenue of $46.7 billion driven by surging demand for AI chips, Benzinga reported. In a separate strategic move, Disney entered into a $60 million deal with Character.AI as part of its ongoing technology expansion and efforts to enhance digital engagement.

TSM closed at $412.61 on October 16, 2026, while DIS closed at $110.59 on the same date. Within the broader tech sector, AAPL recorded a close of $343.46, while peer instruments META and MSFT saw closing prices of $709.33 and $529.05, respectively, on October 16, 2026.