TSMC CEO sees no sign of a slowdown as chip foundry reports record profit
The semiconductor foundry announced third-quarter net profits of 763.34 Taiwanese new dollars, marking a record.
Taiwan Semiconductor Manufacturing Company (TSMC), the world's largest contract maker of microchips, reported a record net profit of NT$763.1 billion for the third quarter, a 68.7% increase year-on-year. The surge in profit was driven by strong demand for AI hardware, marking the sixth consecutive record quarterly profit for the company.
Analysts cautioned that investors should be wary of judging these companies against perfection, as the AI boom continues to fuel massive investments and financial results. TSMC's planned expansion into the United States, including the construction of chip plants in Arizona, is expected to impact its future earnings. The company's net revenue also rose by 50.9% to NT$1.5 trillion.
TSMC's shares have surged nearly 60% in 2026, putting pressure on its earnings announcement. The company's dominance in the AI ecosystem, with its chips powering Nvidia, Apple, AMD, and Broadcom, makes its quarterly results a crucial health check for the entire AI build-out.
Written by urgent.news from Straits Times Business's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
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