TSMC Reports Record Third-Quarter Revenue Driven by AI Demand

TSMC reported record third-quarter revenue of T$1.49 trillion, a 50% year-on-year increase that surpassed analyst forecasts. The growth was attributed to rising demand for AI applications. The company is scheduled to release full earnings details the following Thursday. Separately, Samsung Electronics projected record quarterly operating profit exceeding 100 trillion won, also citing AI chip demand.

TSMC, which holds the largest slice of the contract chip-manufacturing market, posted third-quarter revenue of T$1.49 trillion on Thursday — a figure 50% above the same three months a year prior and the highest quarterly total the company has recorded, underpinned by expanding demand for artificial intelligence applications and landing ahead of what analysts had projected. TSMC's revenue update, released by a chipmaker whose listed valuation stands at roughly $2.1 trillion and ranks it among the most capitalised companies trading on Asian exchanges, confined itself to top-line figures and left out both operational detail and any commentary on the period ahead.

TSMC Reports Record Third-Quarter Revenue Driven by AI Demand

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TSMC Reports Record Third-Quarter Revenue Driven by AI Demand

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