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TSMC Q3 benefit rises 54%, higher than forecasts

TSMC Q3 benefit rises 54%, higher than forecasts
October 17, 2024



TAIPEI (Reuters) – Taiwanese chipmaker TSMC posted a 54% upward push in third-quarter web benefit on Thursday that beat marketplace expectancies because it continues to harvest the rewards of surging call for for semiconductors utilized in synthetic intelligence packages.Taiwan Semiconductor Production Co Ltd (TSMC), the arena’s biggest contract chipmaker and a significant Apple and Nvidia provider, noticed July-September web benefit upward push to T$325.3 billion ($10.11 billion) from T$211 billion a yr previous.The benefit beat a T$300.2 billion LSEG SmartEstimate, which is weighted towards forecasts from analysts who’re extra persistently correct.($1 = 32.1700 Taiwan greenbacks)(Reporting through Yimou Lee, Religion Hung and Ben Blanchard)

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TSMC third-quarter benefit beats expectancies as AI increase drives 54% hike

TSMC third-quarter benefit beats expectancies as AI increase drives 54% hike

A picture of a semiconductor wafer on the Taiwan Semiconductor Production Museum