The global surge in artificial intelligence has delivered a new record result for Taiwanese chipmaker TSMC.
The global surge in artificial intelligence has delivered a new record result for Taiwanese chipmaker TSMC in the third quarter. Net profit rose by 39 percent to 452.3 billion New Taiwan dollars (approximately 12.7 billion euros), exceeding analysts' expectations, the company reported.
Revenue grew by around 30 percent year-over-year, reaching 989.92 billion New Taiwan dollars.
In response to strong demand, TSMC raised its full-year growth forecast to 35 percent. The company's solid performance was also reflected on the stock market, with TSMC shares rising more than three percent in German trading.
Strong Demand for High-Performance Processors
TSMC is currently benefiting in particular from increased demand for high-performance processors, which are used in graphics chips by Nvidia and in AI applications such as ChatGPT.
As a key contract manufacturer for tech giants like Apple and Nvidia, the Taiwanese chipmaker is seen as one of the major beneficiaries of the global AI investment boom. The company itself refers to the current trend as an "AI megatrend."
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