Following on the initial Reuters report - "TSMC Q3 profit jumps 39.1% to record, beats expectations" (TSM), they go deeper.
From Reuters, October 16:
- TSMC Q3 profit soars 39.1%
- Posts sixth consecutive quarter of double-digit profit growth
- TSMC benefiting from AI megatrend
TSMC, the world's biggest producer of advanced chips, raised its full-year revenue forecast on Thursday on a bullish outlook for spending on artificial intelligence, after posting a record profit that blew past market estimates.
The strong results underscore the continued faith in AI, brushing off at least for now concerns about a bubble.
TSMC said it expects robust artificial intelligence demand to continue, as it raised its 2025 revenue guidance to mid-30% growth in U.S. dollar terms from around 30%, and maintained its forecast for capital spending at up to $42 billion for 2025....
....MUCH MORE
