TSMC 3rd-quarter profit beats expectations
TSMC Posts Record Quarterly Profit Amid AI Boom
The world’s largest contract chip maker maintained its growth momentum in the third quarter, with net profit jumping 54%.
TSMC third-quarter profit beats expectations as AI boom drives 54% hike
TSMC's net income was 352.3 billion Taiwanese dollars ($10.1 billion) over the July-September quarter, surpassing an LSEG estimate of $300.2 billion Taiwanese dollars. Net revenue came in at $23.5 billion in the third quarter, up 36% year-on-year. TSMC is the world's largest producer of advanced chips, serving clients such as Apple and Nvidia.Taiwan Semiconductor Manufacturing Company on Thursday reported a 54% hike in net profit, as global chipmakers continue to benefit from demand boosted by AI applications.The company's net income was 352.3 billion Taiwanese dollars ($10.1 billion) over the July-September quarter, surpassing an LSEG estimate of $300.2 billion Taiwanese dollars cited by Reuters.TSMC is the world's largest producer of advanced chips, serving clients such as Apple and Nvidia.Net revenue came in at $23.5 billion in the third quarter, up 36% year-on-year, with TSMC's gross margin rising to 57.8% over July-September, compared with 54.3% in the same period of last year.Capital expenditure edged higher to $6.4 billion in the third quarter, versus $6.36 billion across the three preceding months.TSMC's earnings beat comes the same week as Netherlands-based ASML, which supplies machines to the Taiwanese company, issued a lower-than-expected forecast of net sales, sending shares tumbling.This breaking news story is being updated.
TSMC Q3 profit rises 54%, better than forecasts
Taiwanese chipmaker TSMC posted a 54% rise in third-quarter net profit on Thursday that beat market expectations as it continues to reap the rewards of surging demand for semiconductors used in artificial intelligence applications.
TSMC net profit for Q3 jumps 54 pct
TSMC, the dominant producer of advanced chips used in artificial intelligence applications, reported on Thursday a forecast-beating 54 percent jump
TSMC’s Profit Beats Estimates During an AI Chip Boom
Taiwan Semiconductor Manufacturing Co. posted a better-than-projected 54% rise in quarterly earnings after strong sales of Nvidia Corp. AI chips offset a sagging mobile industry.
TSMC Q3 profit blows past expectations on strong AI demand
The firm’s third-quarter revenue came up to T$759.69 billion, up 39% from last year. CFO Wendell Huang said fourth quarter revenue will be between $26.1 billion and $26.9 billion, with a gross margin of 57% and 59%. Annual revenue is also expected to grow around 30%.
Taiwan's TSMC Says Full-year Revenue Forecast To Grow Nearly 30%
Taiwan's TSMC said Thursday that its full-year revenue was forecast to grow nearly 30 percent, after the world's biggest chipmaker recorded a better-than-expected performance in the third quarter.
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