TSMC, the world’s largest producer of advanced chips, posted a 54% hike in third-quarter profit.
TSMC's net income was 325.3 billion Taiwanese dollars over the July-September quarter, surpassing an LSEG estimate of $300.2 billion Taiwanese dollars.Taiwan Semiconductor Manufacturing Company
The company's net income was 325.3 billion Taiwanese dollars over the July-September quarter, surpassing an LSEG estimate of $300.2 billion Taiwanese dollars cited by Reuters.Net revenue came in at $23.5 billion in the third quarter, up 36% year-on-year, with TSMC's gross margin rising to 57.8% over July-September, compared with 54.3% in the same period of last year."Based on the current business outlook, we expect for our fourth-quarter revenue to be between $26.1 billion and $26.
"We have talked to our customers all the time, including our hyperscaler customers who are building their own chips. And almost every AI innovator is working with TSMC," he said.
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