Taiwan Semiconductor Manufacturing Company (TSMC), the world’s largest computer chip maker, on Thursday reported a nearly 40% rise in net profit for the July-September quarter, driven by soaring demand for artificial intelligence applications.
TSMC posted a record net profit of 452.3 billion New Taiwan dollars ($15 billion), surpassing analysts’ expectations, while revenue rose 30% year-on-year. The company supplies major tech firms, including Apple and Nvidia.
To mitigate risks from China-U.S. trade tensions, TSMC is expanding its chip fabrication capacity in the United States and Japan. The company has pledged $100 billion in U.S. investments, including new factories in Arizona, in addition to a prior commitment of $65 billion.
US seizes $14 billion in bitcoin, charges Cambodian executive in massive crypto scam
“Demand for TSMC’s products remains robust,” analysts at Morningstar said. “Given the company’s market dominance, it is unlikely to be significantly affected by potential tariffs on shipments to U.S. customers. AI demand is expected to remain strong.”
Last month, U.S. Commerce Secretary Howard Lutnick suggested splitting global chip production equally between Taiwan and the United States — a proposal Taiwan rejected, as the island continues to host the bulk of global semiconductor manufacturing.
Source: AP