TSMC Q3 profit jumps 69% to record, beating expectations
TSM•TSMC’s third-quarter net profit rose 69% to a record T$763.1 billion ($23.59 billion), exceeding the T$746.3 billion forecast. The company attributed the result to soaring global demand for AI processors.
1. Record quarterly profit
Taiwan Semiconductor Manufacturing Co said net profit for July to September rose 69% year over year to T$763.1 billion ($23.59 billion), a record. The result beat the T$746.3 billion LSEG SmartEstimate, which is weighted toward forecasts from analysts with stronger records of accuracy. The company cited soaring global demand for its AI processors.
