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TSMC Reports Strong Profit Growth Fueled by AI Demand

Taiwan Semiconductor Manufacturing Co. (TSMC) is expected to announce a significant third-quarter profit increase, driven by the surge in demand for artificial intelligence (AI) applications. Analysts project TSMC’s net profit will jump 42% to T$300.

YAHOO!Finance · 14h

Taiwan chipmaker TSMC forecasts higher-than-expected profit as AI demand grows

Taiwan’s TSMC, the world’s largest contract chipmaker, said Thursday that its full-year revenue for 2024 was expected to grow by nearly 30%, as demand for the chips used to power artificial intelligence soars.

AFP on MSN · 21h

Taiwan's TSMC posts sharp rise in third quarter net profit

Taiwanese chip giant TSMC announced a bigger-than-expected increase in net profit for the third quarter on Thursday and raised its growth forecasts for the year on "extremely robust" demand for AI technology.

Taiwan Semiconductor Manufacturing shares eye record high

The Motley Fool on MSN · 9h

Why Artificial Intelligence (AI) Chipmaker Taiwan Semiconductor Manufacturing Charged Higher on Thursday

The foundry giant served up convincing evidence that the artificial intelligence (AI) revolution is far from over.

MarketWatch · 17h

Taiwan Semiconductor Manufacturing shares eye record high on technical breakout

Julian Emanuel and colleagues at Evercore ISI put out a note ahead of Taiwan Semiconductor Manufacturing's results in which they noted that after the poorly-received update from ASML the report from TSM "becomes the main event of the global earnings season".

Barron's on MSN · 18h

Taiwan Semi Beats on Earnings. AI Chip Demand Is Even Stronger.

It's the main producer of chips designed by Nvidia, which leads the market for semiconductors used for AI applications.

19hon MSN

Chip giant TSMC reports blockbuster results even as questions over AI mania loom

The demand for AI "is real," said CC Wei, TSMC's chairman and CEO.

TSMC Shares Rise on Record Results, Strong Outlook Amid AI Boom

TSMC's high-performance computing segment, which includes AI chips, made up 51% of overall revenue in the third quarter. The company expects its revenue from AI-related servers and processors to ...

TSMC shares jump on expectation-topping third-quarter results

The world’s largest contract chipmaker generated a net profit of 325.3 billion New Taiwan dollars, or $10.1 billion, in the ...

Chip stocks rally as TSMC forecasts strong AI demand for 'many years'

Taiwan Semiconductor Manufacturing Company's blowout third quarter earnings and optimism over AI demand boosted chip stocks ...

12hon MSN

Chip stocks rally after TSMC's strong sales forecast calms growth worries

Two days after a broad semiconductor-stock sell-off driven by a light forecast from the Dutch firm ASML, chipmakers rallied ...

3don MSN

TSMC Plans More Chip Plants in Europe, Taiwan Official Says

Taiwan Semiconductor Manufacturing Co. is planning more plants in Europe with a focus on the market for artificial ...

8hon MSN

What the roller coaster earnings at ASML and TSMC tell us about demand for AI chips

TSMC's blockbuster results will be a welcome surprise to investors after ASML's earnings sent semiconductor stocks tumbling ...

Sun City West Independent5h

TSMC plans to begin production ahead of schedule

Taiwan Semiconductor Manufacturing Co. announced it expects it to begin volume production in the beginning of 2025. The ...

17hon MSN

TSMC Stock Jumps on AI-Fueled Earnings Surge

U.S.-listed Taiwan Semiconductor Manufacturing Co. shares are jumping 8% in premarket trading after the chipmaker posted ...

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