TSMC earns 68% more: historic record due to AI chip boom

WHAT HAPPENED

TSMC, the world's leading chip manufacturer, earned 763.06 billion New Taiwan dollars between July and September: 68.7% more than a year ago and a historic record. Its sales rose 51%.

WHY IT MATTERS

The company manufactures chips for Nvidia, Apple, and AMD. Its forecast for more sales in the next quarter suggests that the demand for artificial intelligence equipment remains strong. This calmed fears and helped Asian markets.

AND FOR YOUR PORTFOLIO

For a long-term portfolio, the data shows that spending on artificial intelligence is already generating real sales and profits in a key supplier. It also connects the topic with equipment manufacturers and technology companies in Asia.