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 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,
AI Boom Is Real—and Really Profitable—Says Chip Maker TSMC
The world’s largest contract chip maker maintained its growth momentum in the third quarter, with net profit jumping 54%.
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 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.
Taiwan's TSMC posts sharp rise in third quarter net profit
Taiwanese chip giant TSMC announced a bigger-than-expected increase in net profit for the third quarter on Thursday and raised its growth forecasts for the year on "extremely robust" demand for
TSMC's Third-Quarter Net Profit Likely Jumped 41% -- Earnings Preview
Taiwan Semiconductor Manufacturing Co. is scheduled to report third-quarter results on Thursday. Here is what you need to know: NET PROFIT: The Taiwanese chip maker is expected to post a 41% rise in net profit for the third quarter to 298 billion New Taiwan dollars,
Taiwan's TSMC Says Full-year Revenue Forecast To Grow Nearly 30%
Taiwan's TSMC said Thursday that its full-year revenue was forecast to grow nearly 30 percent, after the world's biggest chipmaker recorded a better-than-expected performance in the third quarter.
Chip giant TSMC reports blockbuster results even as questions over AI mania loom
The demand for AI "is real," said CC Wei, TSMC's chairman and CEO.
TSMC set to produce first chips from new Arizona plant at start of 2025
TSMC is building three new facilities in Arizona in order to protect its business against mounting tensions between China and ...
Taiwan chipmaker TSMC posts record sales, profit in July-September quarter
The world's largest contract chipmaker, Taiwan Semiconductor Manufacturing Company, has reported record sales and profit for the July-September quarter amid a surge in demand for AI chips.
Taiwan's TSMC Says Net Profit Rose 54.2% In Third Quarter
Taiwanese chip giant TSMC announced Thursday a bigger-than-expected increase in net profit for the third quarter of 2024.
U.S. Chip Stocks Rally as TSMC's AI-Backed Outlook Impresses Investors
TSMC's U.S.-listed shares are up more than 80% so far this year, while Nvidia has risen over two folds, as investors pour ...
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Taiwan semiconductor TSMC sees US$10b in net profit as AI tech grows; to open four overseas plants in US and Japan
Taiwanese chip giant TSMC announced a bigger-than-expected increase in net profit for the third quarter on Thursday and ...
TSMC Plans More Chip Plants in Europe, Taiwan Official Says
Taiwan Semiconductor Manufacturing Co. is planning more plants in Europe with a focus on the market for artificial ...
Morning Bid: TSMC Steadies Chip Ship, ECB Set to Ease
TSMC, the dominant producer of advanced chips used in AI applications and whose customers include Apple and Nvidia, has ...