World’s largest contract chipmaker, Taiwan Semiconductor Manufacturing Co. (TSMC) posted robust third-quarter results, buoyed by surging demand for artificial intelligence chips—a trend that propelled the chipmaker to its highest-ever quarterly profit.
For the quarter ending in September, TSMC reported a 39.1% year-on-year jump in net profit, reaching NT$452.3 billion, well above analyst projections compiled by LSEG, which anticipated NT$417.69 billion. Revenue climbed 30.3% over the same period last year, totaling NT$989.92 billion, likewise surpassing expectations of NT$977.46 billion.
The strong performance was primarily attributed to the company’s high-performance computing division, which caters to the artificial intelligence and 5G segments. As the region’s largest technology firm by market capitalization, TSMC continues to capitalize on the growing proliferation of advanced AI processors, manufacturing chips for industry leaders such as Nvidia and Apple.
The results underscore TSMC’s strategic positioning at the heart of the global AI chip supply chain, a dynamic it expects will underpin future growth.
