Taiwan Semiconductor Manufacturing Corp. (TSMC), the world’s largest chipmaker, reported a nearly 40% increase in net profit for the July-September quarter, driven by strong demand for artificial intelligence applications. The company posted a record net profit of 452.3 billion new Taiwan dollars ($15 billion), exceeding analysts’ expectations.
Revenue for the quarter rose 30% year-on-year as TSMC strengthened its global manufacturing footprint. The company is expanding production in the United States and Japan to mitigate risks amid ongoing China-U.S. trade tensions. TSMC is a key supplier to major technology firms including Apple and Nvidia.
Analysts note that TSMC’s market dominance positions it well to meet continued AI-driven demand, even in the face of potential trade restrictions. The company has committed $100 billion in U.S. investments, including new chip fabrication plants in Arizona, building on an earlier pledge of $65 billion.