The results underscore how TSMC, the go-to chipmaker for Apple and most of the world’s biggest chip designers, remains one of the bigger beneficiaries of a spending spree on AI infrastructure that’s expected to cross the US$1 trillion ($1.29 trillion) mark in coming years.
Taiwan Semiconductor Manufacturing Co. (TSMC) posted a better-than-anticipated 39% jump in quarterly profit, the latest sign of rising demand for components like Nvidia chips that power AI.
TSMC reported net income of NT$452.3 billion ($19.11 billion) in the September quarter, compared with the NT$405.5 billion average analysts’ estimate. The company previously reported a better-than-anticipated 30% increase in revenue, reflecting the billions of dollars that tech companies from OpenAI to Oracle are funneling into data centres in the post-ChatGPT era.
