News

Due to major U.S. technology companies continuously investing billions of dollars in artificial intelligence, Taiwan Semiconductor (TSM.N) reported a 30% year-on-year increase in its third-quarter sales. For the three months ending in September, the company's revenue totaled NT$ 989.9 billion, exceeding analysts' average expectations of NT$ 962.8 billion. Benefiting from the ongoing AI boom, this Asian company with the highest market capitalization has seen its stock price rise over 30% this year. Although the consumer electronics market has recently shown weak growth, TSMC's shift to more advanced manufacturing processes is making each unit of chip sold more profitable. In the AI field, U.S. tech companies from NVIDIA to OpenAI are spending billions to build their cloud computing capabilities, which TSMC executives view as a major long-term growth driver. Despite concerns that the "circular trading" recently reached by these companies is creating a massive bubble, TSMC's latest sales data indicates that AI demand remains solid for now. TSMC is scheduled to release its complete third-quarter financial report on October 16