Taiwan Semiconductor Manufacturing Co said its sales were boosted by strong demand from smartphone makers and artificial intelligence firms
Taiwan Semiconductor Manufacturing Co. (TSMC), a key supplier to Nvidia and Apple, posted a 54% increase in Q3 net profit, surpassing expectations as surging demand for artificial intelligence (AI) chips offset weakness in the mobile industry. The chip giant reported net profit for the September quarter of NT$325.3 billion ($10.
TSMC, the world's largest producer of advanced chips, posted a 54% hike in third-quarter profit.
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.
Taiwanese chipmaker TSMC posted a 54% rise in third-quarter net profit on Thursday that beat market expectations as it continues to reap the rewards of surging demand for semiconductors used in artificial intelligence applications.
Taiwan Semiconductor Manufacturing Co , the dominant producer of advanced chips used in artificial intelligence applications, is expected to report a 42% leap in third-quarter profit on Thursday thanks to soaring demand.
TSMC;s earnings are a bellwether for the entire chip sector but it will be AI chips which are in focus and particularly how quickly it can ramp up production for Nvidia's Blackwell processors.
Earnings season is bringing investors the most awaited stock market results, this time not only the banking sector's status and trends but also the semiconductor and chipmaking niche of the technology sector. Last quarter, investors gathered around the country to watch earnings results from some of the biggest names in the space to decide whether to buy or sell.
With its advanced technologies and chip manufacturing capabilities, TSM is well-positioned for strong Q3 earnings growth amid rising investments in AI.
Taiwan Semiconductor's revenue is growing above projected rates.
Taiwan Semiconductor's leadership in AI and chip technologies makes it a solid buy ahead of its Q3 earnings report.
Taiwan Semiconductor (TSM) is experiencing solid demand for its advanced technologies from giant AI names like NVDA, AMD, AAPL, AVGO, INTC.