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TSMC achieves sixth straight quarterly profit
Taiwan Semiconductor Manufacturing Company (TSMC) announced record-breaking profits in the third quarter, surpassing expectations thanks to the continued global demand for AI chips. The company posted net profits increased by 68.7% compared to the same period last year, with an operating margin of 58.7%, exceeding forecasts. The company expects fourth-quarter revenues to range between $52.3 billion and $54.3 billion, representing an increase of up to 14% over the previous quarter and 58% over the same period last year, as it continues significant investments to boost production—especially in 2-nanometer technology, which accounted for 79% of revenue. Growth in the high-performance computing sector and strong demand for AI chips, particularly in 3, 5, and 7 nanometer technologies, reflects the company's gains amid increasing adoption of advanced technologies.
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