TSMC reported a record net profit of T$452.30 billion, driven by surging demand for artificial intelligence, which boosts its growth forecast for 2025.
- In the third quarter ending September 30, TSMC achieved a net profit of T$452.30 billion ($14.75 billion), exceeding estimates by Reuters/LSEG of T$417.7 billion.
- The surge in demand for artificial intelligence infrastructure has significantly contributed to TSMCs record performance, indicating a growing trend in the semiconductor industry.
- As the worlds largest contract chipmaker based in Taiwan, TSMCs success reflects the increasing reliance on advanced chips, particularly those related to AI, including products from Nvidia.
Why It Matters
This record profit underscores the critical role of TSMC in the global semiconductor supply chain, especially as the demand for artificial intelligence technologies continues to escalate, impacting economies worldwide.