TSMC's Q3 Revenue Surges to Record, Beating Forecasts

The Taiwanese chipmaker's third-quarter revenue jumped approximately 50% to a record high, driven by strong AI chip demand.

Third-quarter revenue at Taiwanese semiconductor giant TSMC surged to a new record and beat market expectations, financial website Investing.com and newspaper The Standard reported. According to news agency Reuters, the results reflect a jump of approximately 50% compared to the same period last year.

The sharp rise in sales was driven primarily by mounting demand for chips powering artificial intelligence applications, a trend that continues to propel growth for the world's largest contract chipmaker. Comprehensive figures regarding the company's quarterly profit and revenue breakdown across business segments have not yet been released.