TSMC expected to report sixth straight quarter of record profit thanks to AI boom
TAIPEI: TSMC, the world’s largest manufacturer of advanced AI chips, will likely report a sixth consecutive quarter of record earnings, driven by booming infrastructure spending in the tech sector. Analysts say demand for Taiwan Semiconductor Manufacturing Co’s (TSMC) AI chipmaking capacity, as well as its advanced chip packaging technology, CoWoS, remains strong. That has catapulted Asia’s most…
Taiwan Semiconductor Manufacturing Co (TSMC), the world's largest manufacturer of advanced AI chips, is poised to report its sixth consecutive quarter of record earnings, according to analysts. The surge in demand for TSMC's AI chipmaking capacity and advanced chip packaging technology, CoWoS, has contributed to the company's dominance in the industry, with a market capitalization rivaling that of its South Korean rival Samsung Electronics.
TSMC's net profit is expected to surge by 65% in the third quarter, reaching T$746.3 billion ($23.4 billion), potentially marking the company's highest-ever quarterly net income. The company's latest earnings call is scheduled for 0600 GMT, where it will provide fourth-quarter and updated full-year guidance. TSMC has been investing heavily in chip factories, including a $265 billion project in Arizona, and is also evaluating potential investments in Texas.
Analysts believe that an expansion in Texas could become necessary to meet growing customer demand and address limited space at TSMC's existing Arizona site in the near future.
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Also reported by 2 other outlets
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