TSMC’s AI Boom Is Getting Harder to Ignore 🚀
The AI chip boom keeps delivering for Taiwan Semiconductor Manufacturing Company (TSMC). On October 12, Reuters reported that the world’s leading advanced-chip manufacturer is expected to post its sixth consecutive quarter of record profit, driven by surging demand for AI processors and advanced packaging technology. Analysts forecast third-quarter net profit of around NT$746.3 billion ($23.4 billion), up approximately 65% year over year. 👀
The momentum is backed by real numbers. TSMC reported third-quarter revenue of NT$1.49 trillion, approximately $46.7 billion, up 50% from a year earlier. September revenue alone jumped 54.6% year over year, highlighting how aggressively demand for AI computing is expanding. Major customers such as Nvidia rely on TSMC to manufacture advanced chips powering the AI revolution.
Now, all eyes turn to October 15, when TSMC releases its detailed quarterly results and outlook. The big question is whether its upcoming guidance will confirm that AI demand remains strong enough to sustain this extraordinary growth.
$TSM
$TSMB
The AI chip boom keeps delivering for Taiwan Semiconductor Manufacturing Company (TSMC). On October 12, Reuters reported that the world’s leading advanced-chip manufacturer is expected to post its sixth consecutive quarter of record profit, driven by surging demand for AI processors and advanced packaging technology. Analysts forecast third-quarter net profit of around NT$746.3 billion ($23.4 billion), up approximately 65% year over year. 👀
The momentum is backed by real numbers. TSMC reported third-quarter revenue of NT$1.49 trillion, approximately $46.7 billion, up 50% from a year earlier. September revenue alone jumped 54.6% year over year, highlighting how aggressively demand for AI computing is expanding. Major customers such as Nvidia rely on TSMC to manufacture advanced chips powering the AI revolution.
Now, all eyes turn to October 15, when TSMC releases its detailed quarterly results and outlook. The big question is whether its upcoming guidance will confirm that AI demand remains strong enough to sustain this extraordinary growth.
$TSM
$TSMB