TSMC bullish on outlook as AI boom blows Q3 profit past forecasts
TSMC, the world's largest contract chipmaker, bet on sustaining its strong growth, after reporting on Thursday a forecast-beating 54% jump in quarterly profit driven by soaring demand for chips used in artificial intelligence (AI).
TSMC posts forecast-beating profit amid soaring demand for AI chips
Taiwan Semiconductor Manufacturing Company has announced a forecast-busting quarterly profit amid surging demand for chips used to power artificial intelligence. TSMC, the world’s largest contract chipmaker, reported a net profit of 352.3 billion Taiwanese dollars ($10.1bn) for the third quarter, up 54.2 percent from the same period last year.
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 per cent jump in third-quarter profit on the back of soaring demand.
TSMC Q3 profit rises 54%, better than forecasts
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.
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 bullish on outlook as AI boom drives Q3 profit past forecasts
The AI boom has helped drive up TSMC shares, with its Taipei-listed stock leaping 75 per cent so far this year, compared with a 28 per cent gain for the broader market, giving the company a market capitalisation of around $840 billion.
TSMC Q3 earnings beat forecast with AI chip demand driving growth
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.
TSMC Q3 Earnings: Chipmaker expected to report jump in profits amid AI boom
World’s largest contract chipmaker Taiwan Semiconductor (NYSE:TSM), whose customers include tech giants like Apple (AAPL) and Nvidia (NVDA), is expected to announce its third quarter earnings on Thursday,
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Taiwan's TSMC Says Full-year Revenue Forecast To Grow Nearly 30%
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Taiwanese chip giant, TSMC’s profits soar on AI demand
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Taiwan's TSMC says net profit rose 54.2% in third quarter
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All eyes are on TSMC earnings as the chipmaker industry faces slowdown worries
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