US EditionTaiwanese chipmaker TSMC sees nearly 40% jump in its net profit thanks to the AI boom
- On Thursday, Taiwan Semiconductor Manufacturing Company reported a 39 increase in third-quarter profit, driven by AI chip demand for clients like Nvidia and Apple.
- Advanced chips drove the quarter, with 7-nanometer or smaller nodes accounting for 74% of Taiwan Semiconductor Manufacturing Company 's wafer revenue, while its high-performance computing division made up 57% of sales.
- The company posted NT$452.3 billion in net income, above expectations, and quarter-over-quarter, net income increased 13.6%.
- TSMC's American depositary receipts have surged 56% this year, outpacing Taipei shares, while investor sentiment rose after Broadcom partnered with OpenAI; Wall Street analysts hold a Strong Buy consensus.
- Analysts expect tight supply in 3-nanometer and 5-nanometer wafers powering Apple iPhones and Nvidia Blackwell GPUs, while William Li told CNBC `TSMC's robust revenues reflect strong traction at 3nm and high utilization at 4/5nm`.
60 Articles
60 Articles
TSMC Shrugs Off Shrinking Chinese Market Share
Fears of an AI bubble may be pervasive, but TSMC’s “No China? No Problem” attitude provides a strong counterargument. In its blockbuster earnings call on Thursday, the world’s premier chip fab argued that there’s more than enough demand for AI-powering chips around the world to offset the potential loss of clients in the increasingly cordoned-off Chinese market. In fact, demand for the company’s chip-making expertise has been so strong that it r…
Chipmaker TSMC reports nearly 40% surge in its net profit, thanks to AI
Taiwan’s leading computer chip maker, TSMC, said Thursday that its net profit surged nearly 40% in the last quarter, boosted by the surge in use of artificial intelligence.Taiwan Semiconductor Manufacturing Corp. is the world’s biggest semiconductor manufacturer. It reported a net profit of a record 452.3 billion new Taiwan dollars ($15 billion) in the July-September quarter, higher than analysts’ forecasts.The company earlier said its revenue j…
Chip stocks rise after TSMC's rosy outlook on strong AI demand
Semiconductor stocks advanced on Thursday after top contract chipmaker TSMC issued a rosy forecast, fanning optimism about demand for artificial intelligence infrastructure in a week of multi-billion-dollar deals across the sector.The company posted a record quarterly profit and raised its annual revenue expe
The New York Stock Exchange was evolving in the green on Thursday, driven by new quarterly results above expectations, including those of the Taiwanese giant of the TSMC semiconductors.
Taiwanese chipmaker TSMC sees nearly 40% jump in its net profit thanks to the AI boom (Business)
Taiwan's leading computer chip maker, TSMC, said Thursday that its net profit surged nearly 40% in the last quarter, boosted by the surge in use of artificial intelligence. Taiwan Semiconductor Manufacturing Corp. is the world's biggest semiconductor manufacturer. It reported a net profit of a recor...
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