TAIPEI, Oct 15 (Reuters) – TSMC, the world’s largest contract chipmaker, posted a 69% jump in third-quarter net profit on Thursday, beating market forecasts and hitting a record, thanks to soaring global demand for its AI processors. Taiwan Semiconductor Manufacturing Co, whose customers include Nvidia and Apple, said its July-to-September net profit rose to T$763.1 […]
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TSMC Q3 profit jumps 69% to record, beating expectations
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TAIPEI, Oct 15 (Reuters) – TSMC, the world’s largest contract chipmaker, posted a 69% jump in third-quarter net profit on Thursday, beating market forecasts and hitting a record, thanks to soaring global demand for its AI processors.
Taiwan Semiconductor Manufacturing Co, whose customers include Nvidia and Apple, said its July-to-September net profit rose to T$763.1 billion ($23.59 billion).
The profit easily beat a T$746.3 billion LSEG SmartEstimate, which is weighted toward forecasts from analysts who are more consistently accurate.
($1 = 32.3450 Taiwan dollars)
(Reporting by Wen-Yee Lee and Ben Blanchard; Editing by Thomas Derpinghaus)