U.S.-listed shares of TSMC rise 7% in premarket after quarterly profit soars on AI demand
TSMC is the world's largest producer of advanced chips, serving clients such as Apple and Nvidia. Taiwan Semiconductor Manufacturing Company on Thursday reported a 54% hike in net profit in the third quarter and forecast annual revenue growth in the last three months of the year,
TSMC Shines with 54% Profit Surge Amid AI Demand Boom
Taiwan Semiconductor Manufacturing Co, a key player in AI chip production, reported a 54% rise in Q3 profits, fueled by burgeoning AI demand. This was above analyst expectations. The company also increased its revenue forecast,
TSMC Q3 Profit Rises 54%, Better Than Forecasts
Taiwan Semiconductor Manufacturing Co Ltd (TSMC), the world's largest contract chipmaker and a major Apple and Nvidia supplier, saw July-September net profit rise to T$325.3 billion ($10.11 billion) from T$211 billion a year earlier.
TSMC profits jump 54% on back of AI chip boom
We continue to observe extremely robust AI-related demand,” CC Wei, chair and chief executive, told investors on Thursday, adding that TSMC expected revenue to grow nearly 30 per cent this year. The bullish guidance came as the Taiwan-based company reported a 54 per cent year-on-year jump in net profit to NT$325.
TSMC beats forecasts with 54% surge in profits on soaring AI demand
Taiwan Semiconductor Manufacturing Co said its sales were boosted by strong demand from smartphone makers and artificial intelligence firms
TSMC's third-quarter profit handily beats forecasts on AI boom
Taiwan Semiconductor Manufacturing Co, the dominant producer of advanced chips used in artificial intelligence applications, reported on Thursday a forecast-beating 54% jump in third-quarter profit on the back of soaring demand.
TSMC Posts Record Profit as AI Boom Continues
The world’s largest contract chip maker reported record net profit for the third quarter, driven by strong demand for smartphone and artificial-intelligence chips.
TSMC Profit Beats Estimates Amid AI Chip Boom
TSMC posted a better-than-projected 54% rise in quarterly earnings. The company reported September-quarter net profit of NT$325.3 billion ($10.1 billion), versus an average estimate for NT$299.3 billion.
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