TSMC reports a 39.1% profit surge in the third quarter
Taiwan Semiconductor Manufacturing Company (TSMC), the world’s leading chipmaker, announced on Thursday a 39.1% rise in profit for the third quarter compared to last year, exceeding market expectations. This growth was fueled by strong global demand for chips used in artificial intelligence (AI) systems and mobile phones.
The company, which counts Apple and Nvidia among its major clients, reported a net profit of 452.3 billion New Taiwan dollars (€12.7 billion), surpassing the €11.4 billion forecast by Bloomberg analysts.
Revenue also grew by about 30%, higher than anticipated. The results come amid renewed U.S.-China tensions over semiconductor technology — a critical component in both military and consumer industries, from missiles to smartphones.
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