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TSMC Expected to Report Sixth Straight Quarter of Record Profit Thanks to AI Boom
The chipmaker said AI-related HPC sales drove two-thirds of revenue in the latest quarter, with 3nm chips rising to 30% of sales.
- Taiwan Semiconductor Manufacturing will report a 65% surge in third-quarter net profit to $23.4 billion on Thursday, Oct 15, according to analysts compiled by LSEG SmartEstimate.
- Booming demand for high-performance computing chips for Nvidia drives the company's growth, with its top-tier 3nm node increasingly dominating revenue while maintaining its lead against Intel in the "process race."
- TSMC remains Asia's most valuable company with market valuation around $2.1 trillion, having raised full-year capital expenditure forecast to between $60 billion and $64 billion amid strong infrastructure spending.
- While investing $265 billion in Arizona, including $100 billion unveiled in July, the company is evaluating potential Texas expansion, though analysts debate urgency given some facilities remain under construction.
- Management will provide updated full-year guidance during an earnings call on Oct 15 at 0600 GMT, as Tesla CEO Elon Musk mentioned last week potential collaboration on the Terafab chip complex.
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13 Articles
13 Articles
TSMC expected to report sixth straight quarter of record profit thanks ...
·London, United Kingdom
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TSMC expects AI megatrend to strengthen, as profit blows past forecasts
TSMC reported a 39.1% surge in Q3 profit, marking its sixth consecutive quarter of double-digit growth, driven by the AI megatrend. The chip giant forecasts a strong Q4 with revenue up by as much as 24%, anticipating continued robust AI demand and maintaining its significant capital spending plans for 2025.
·India
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TSMC to post sixth straight record quarterly profit due to AI boom
Taiwan Semiconductor Manufacturing Co. (TSMC) is expected to post its sixth consecutive record quarterly profit when it reports results on October 15. Analysts forecast net income of about NT$746.3 billion ($23.4 billion), with demand for AI chips continuing to rise amid the general AI boom....
Taiwan's TSMC and Dutch ASML will publish their third-quarter interim results this week.
Coverage Details
Total News Sources13
Leaning Left1Leaning Right3Center2Last UpdatedBias Distribution50% Right
Bias Distribution
- 50% of the sources lean Right
50% Right
L 17%
C 33%
R 50%
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