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TSMC forecasts 61% Q4 revenue increase
TSMC, the world's largest manufacturer of advanced chips used in artificial intelligence, is expected to see its fourth-quarter revenues rise by up to 61% year-over-year, marking its sixth consecutive quarter of record profits, driven by strong demand for AI chips. The company's results showed net profits of $23.59 billion, up 69% from the previous year, with revenue forecasts ranging between $52.3 billion and $54.3 billion for the next quarter. The company is making significant investments in building new manufacturing plants, with planned expenditures reaching $265 billion in the United States. Future customer orders indicate that the demand for AI chips will continue to grow, despite a downturn in other tech markets.
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