Taiwan Semiconductor Manufacturing (TSMC), the world’s largest manufacturer of advanced artificial intelligence (AI) chips, increased its net profit by 69 percent year-on-year in the third quarter to a record 763.1 billion Taiwanese dollars (TWD; 513 billion CZK). The company announced this today in a press release. The firm is benefiting from sharply rising global demand for its AI processors. The result surpassed analysts’ estimates.
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TSMC’s Record Run: Sixth Consecutive Record Quarter
TSMC is a significant supplier to US companies Nvidia and Apple. According to Reuters, the Taiwanese company recorded profit growth for the eleventh consecutive quarter and its sixth record quarter in a row. For the fourth quarter, the firm expects revenue to increase by up to 61 percent.
Today’s announced results, according to Reuters, should help allay concerns that the wave of artificial intelligence investments is losing momentum. They come a day after Dutch chip manufacturing equipment supplier ASML published an optimistic outlook.
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Two Trillion Dollar Giant: TSMC Massively Builds Factories in the USA
Demand for artificial intelligence chips from TSMC and for its advanced CoWoS chip packaging technology remains strong, analysts state. The Taiwanese firm is Asia’s most valuable company. Its market capitalization is approximately two trillion dollars, which is almost double the market capitalization of Samsung Electronics.
TSMC is investing 265 billion dollars in building chip manufacturing factories in the US state of Arizona, including an additional 100 billion dollars that the company announced in July. Reuters reported in September that TSMC is considering a possible investment in Texas. Tesla CEO Elon Musk stated last week that his companies would build and operate an artificial intelligence chip complex called Terafab, with TSMC potentially leasing part of it, Reuters writes.
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Source: ČTK
