TSMC's net profit in the third quarter reached 763.1 billion New Taiwan dollars, up 69% year-on-year and hitting a record high

The world’s largest semiconductor foundry, TSMC, announced on Thursday that, driven by booming global demand for artificial intelligence (AI) processors, its net profit in the third quarter soared by 69% year-on-year, not only surpassing market expectations but also hitting a record high. TSMC stated that net profit from July to September increased to NT$76.31 billion (approximately $23.59 billion). This profit performance significantly exceeded the expected NT$74.63 billion provided by institutions.