TSMC posts record profit for a sixth straight quarter, beating estimates on AI boom
TSMC reported its third-quarter earnings on Thursday.
TL;DR
- TSMC reported a record third-quarter profit, exceeding estimates.
- The company's performance was driven by high demand for AI chips.
- Net profit surged 68.7% year-on-year.
- 3-nanometer chips accounted for the largest share of revenue (33%).
- High-performance computing was the largest revenue segment (68%).
- Automotive segment saw the fastest quarterly growth (23%).
- TSMC plans to invest $265 billion in its Arizona manufacturing facilities.
- The company is also considering an investment in Texas.