TAIPEI: Taiwan Semiconductor Manufacturing Company (TSMC) reported a 39.1% jump in third-quarter profit on Thursday, setting a new record as robust demand for artificial intelligence chips continued to drive growth.
The world’s largest contract chipmaker posted net income of NT$452.3 billion ($14 billion), beating LSEG SmartEstimates of NT$417.69 billion. Revenue rose 30.3% year-over-year to NT$989.92 billion, surpassing expectations of NT$977.46 billion.
TSMC’s high-performance computing segment, which includes AI and 5G applications, was the primary growth engine for the quarter. The company manufactures advanced processors for major clients such as Nvidia and Apple, positioning itself at the center of the global AI boom.
Advanced chips measuring 7 nanometers or smaller accounted for 74% of total wafer revenue, underscoring the company’s technological edge. Smaller chip sizes enable greater processing power and energy efficiency, critical for AI workloads.
TSMC, Asia’s most valuable tech firm by market capitalization, continues to benefit from the accelerating adoption of AI across industries, reinforcing its role as a key enabler of next-generation computing.