TSMC Soars to Record Profits Amid AI Chip Demand Surge

TSMC reported record profits driven by soaring demand for microchips, particularly for Artificial intelligence applications and iPhone production, amid rising investment concerns.

• In the third quarter, TSMC posted a record net profit as demand for microchips surged, particularly for Artificial intelligence technologies and iPhone components.
• The companys remarkable performance is largely attributed to clients like Nvidia and Apple, who are investing heavily in chips and data centers, driving TSMCs growth.
• Concerns are rising about a potential financial bubble as billions in investments flow into semiconductor technologies, especially from China and other global markets.