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Reuters
1 min read
TAIPEI (Reuters) -TSMC (TSM), the world’s largest contract chipmaker, posted a 39.1% jump in third-quarter net profit on Thursday, beating market forecasts and hitting a record as it benefited from surging demand for semiconductors used in artificial intelligence applications.
Taiwan Semiconductor Manufacturing Co, whose customers include Nvidia and Apple, saw July-September net profit rise to T$452.3 billion ($14.76 billion).
The profit handily beat a T$417.7 billion LSEG SmartEstimate, which is weighted toward forecasts from analysts who are more consistently accurate.
($1 = 30.6390 Taiwan dollars)
(Reporting by Wen-Yee Lee, Faith Hung and Ben Blanchard; Editing by Muralikumar Anantharaman)
