Taiwan Semiconductor Manufacturing Company [TPE:2330], the world’s largest producer of advanced artificial intelligence chips, reported a surge in third-quarter earnings that easily beat market expectations, underscoring its central role in the global race to build AI infrastructure.
The company posted a 39 per cent rise in profits for the three months to September, well ahead of analyst forecasts that had pointed to an increase of around 28 per cent. Earnings per share reached $2.92, comfortably surpassing expectations of $2.66. Revenue climbed to NT$990bn (about $30.5bn), marking another record quarter for the chipmaker.
The results reaffirm TSMC’s position as the linchpin of the AI-driven semiconductor boom, as demand for high-performance processors from clients such as Nvidia, Apple and the major cloud computing groups continues to outstrip supply. The company said chips of seven nanometres or smaller now account for nearly three-quarters of total sales — a testament to its dominance in the most advanced process technologies.
AI supercycle still has momentum
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