TSMC posts record NT$763.1 billion profit as AI chip demand surges
What's new: 3-nanometer chips made up 33% of third-quarter sales, while free cash flow jumped to NT$476.56 billion.
Taiwan Semiconductor Manufacturing Co. posted a record third-quarter net profit of NT$763.1 billion, up 68.7% from a year earlier, as demand for AI chips kept lifting sales and margins. Revenue reached NT$1.49 trillion, topping estimates of NT$1.47 trillion, while net income also beat forecasts. The company said it marked a sixth straight quarter of record profit. Operating margin was 58.7%, above the top end of its guidance range. High-performance computing, which includes AI-related demand, accounted for 68% of revenue. By process technology, 3-nanometer chips contributed the largest share at 33%, ahead of 5-nanometer and 7-nanometer products. Free cash flow rose to NT$476.56 billion from NT$139.38 billion a year earlier.