The world’s largest contract chip maker, whose customers include Apple and Nvidia, has benefited from a surge towards AI across a spectrum of industries.
TSMC posted a net profit of T$325.3 billion (US$10.11 billion) for the quarter ended September 30, compared with the T$300.2 billion predicted by an LSEG SmartEstimate drawn from 22 analysts. SmartEstimates give greater weighting to forecasts from analysts who are more consistently accurate.
TSMC, Asia’s most valuable publicly listed company, said third-quarter revenue rose 36 per cent year on year to US$23.5 billion, better than the company’s previous forecast of US$22.4 billion to US$23.2 billion. The company last week announced third-quarter revenue in Taiwan dollars, coming in at T$759.69 billion.
Capital expenditure in the third quarter was US$6.4 billion, TSMC said, compared with US$6.36 billion in the second quarter.
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