TSMC hits yet another record as profit surges 39%, beating estimates on AI chip demand surge
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Taiwan Semiconductor Manufacturing Company (TSMC) reported a record 39.1% increase in third-quarter profit, driven by strong demand for AI chips. Revenue reached NT$989.92 billion, surpassing estimates of NT$977.46 billion. TSMC's high-performance computing division, which includes AI and 5G applications, significantly contributed to sales. Advanced chips, 7-nanometer or smaller, accounted for 74% of total wafer revenue, highlighting TSMC's role in the AI megatrend as it manufactures processors for major clients like Nvidia and Apple.
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