AICNBC1h ago
TSMC reports Q3 revenue up 50.9% YoY
TSMC reports Q3 revenue up 50.9% YoY to $46.36B, net income up 68.7% to $23.7B, both above est., marking a sixth straight quarterly profit record on AI demand
TL;DRTSMC crushed earnings expectations with 51% revenue growth, driven by AI chip demand.
Why it matters: TSMC's dominance in AI chip production signals sustained demand and validates the AI infrastructure buildout.
Taiwan Semiconductor Manufacturing Co. on Thursday reported a record third-quarter profit that beat estimates, powered by an unrelenting global appetite for AI chips.
Read full articleSource: CNBC · Opens in new tab