Technology: Chipmaker TSMC with record profits thanks to AI demand
21 billion euros in profit in three months: TSMC is making a fortune from the AI boom. The Taiwan-based company expects even higher sales for the final quarter.
TSMC, the world's largest chip contract manufacturer, has reported another record profit in the third quarter, exceeding expert expectations. The company's profit surged by over two-thirds to 763 billion Taiwan dollars, or approximately 21 billion euros, driven by strong demand for AI data center chips. TSMC's revenue rose 51% to 1.49 trillion Taiwan dollars in the quarter.
The company is optimistic about its outlook, expecting a gross margin of 65-67% in the fourth quarter and revenue of $52.3-54.3 billion. TSMC is investing heavily in new capacity, with 20 factories currently under construction or renovation.
Written by urgent.news from Handelsblatt's report — not a translation of it. Machine-written — may contain errors; check the original before relying on it.
