TSMC Set to Report 40% Profit Surge in Q3 Amid Soaring AI Chip Demand
Key Points TSMC is expected to report a 40% increase in Q3 profit, driven by high AI chip demand. The forecasted Q3 profit is T$298.2 billion, up from T$211 billion in the same period last year. TSMC’s major clients, including Apple, Nvidia, and AMD, rely heavily on its advanced chip technologies. TSMC is expanding its global production, investing $65 billion in new plants in Arizona. Taiwan Semiconductor Manufacturing Co (TSMC), the world’s largest contract chipmaker, is poised to announce a...