TSMC profit surges past expectations, sending US-listed shares higher premarket
) -- the world’s biggest contract chipmaker-- posted a stronger-than-expected third quarter profit on Thursday, as sustained demand from the artificial intelligence industry boosted its top-line returns.
TSMC clocked a net profit of T$325.26 billion in the three months to September 30, it said in a press release. The figure was higher than a Reuters estimate of T$300.2 billion. Sales were bolstered chiefly by TSMC's advanced 3-nanometer chips, which accounted for 20% of overall revenue from wafers, the company said.
"ithout , there is no Nvidia and the current AI movement could come to a halt," said Paul Marino, Chief Revenue Officer at Themes ETFs.
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