TSMC expected to report sixth straight quarter of record profit thanks to AI boom

Taiwan Semiconductor Manufacturing Co (TSMC), the world's largest manufacturer of advanced AI chips, is on track to report its sixth consecutive quarter of record earnings, according to Reuters. The company's impressive growth is attributed to increased infrastructure spending in the tech sector, with strong demand for TSMC's AI chipmaking capacity and CoWoS advanced chip packaging technology.

TSMC's market capitalization is nearly double that of South Korean rival Samsung Electronics, sitting at approximately $2.1 trillion. Analysts anticipate a 65% surge in TSMC's third-quarter net profit to T$746.3 billion ($23.4 billion), with any result exceeding T$706.56 billion marking the company's highest quarterly net income and its 11th consecutive quarter of profit growth.