TSMC

2024 - 10 - 17

TSMC’s Profits Reach New Heights—AI Chips are Taking Over the World!

AI Chips - Apple - Chip Stocks - Nvidia - TSMC

Hold onto your AI chips, Singapore! TSMC just reported a record $10.1 billion profit thanks to soaring demand in tech—find out why this news is more electrifying than your morning kopi!

In an exhilarating reveal that left investors buzzing, Taiwan Semiconductor Manufacturing Company (TSMC), the world’s leading contract chipmaker, shared its mind-blowing third-quarter profits, soaring to a record $10.1 billion. This remarkable feat has been attributed to the skyrocketing demand for chips essential for AI applications, with industry giants like Apple and Nvidia tapping into TSMC's expertise. Analysts were taken by surprise as TSMC's net profit climbed 54%, smashing previous forecasts like a high-speed bullet train!

The AI boom doesn’t seem to be slowing down anytime soon, as TSMC has confidently raised its outlook for revenue growth in 2024. With AI becoming ubiquitous, from transforming everyday tech to powering futuristic innovations, be prepared to see TSMC leading the charge in semiconductor production. Budgeting a slightly higher capital expenditure at over $30 billion this year, TSMC isn't just standing by—it's gearing up for relentless growth!

In an additional twist to the story, chip stocks have experienced a surge following TSMC's phenomenal earnings report. Investors are not just seeing TSMC’s growth as a standalone success; it's quickly becoming a ripple effect through the entire semiconductor industry. The confidence radiating from Taiwan's chip giant is infectious, and observers note that this industry uptick may signify a wider recognition of AI's significant role going forward.

But that’s not all—TSMC isn’t just boasting about profits; it’s also digging in deeper with plans to construct its second advanced wafer fab in Kumamoto, Japan, set to begin in Q1 2025. As global demand for advanced chips escalates, TSMC is firmly positioned at the forefront, ensuring that the supply chain remains unbroken and consistently innovative. So sit tight, Singapore! The world of technology is evolving, and TSMC is right in the driver’s seat, making sure we're all along for the ride.

**Interesting Fact #1:** TSMC holds more than 50% of the global market share in semiconductor fabrication, illustrating just how dominant they are in this essential industry—holding the keys to everything from phones to advanced AI! **Interesting Fact #2:** With AI chips being the new gold rush, TSMC’s chips play a crucial role in processors like Nvidia’s graphic cards, turning dreams of high-performance gaming and complex AI computations into reality and seamlessly powering our tech-driven lifestyles!

Post cover
Image courtesy of "Aljazeera.com"

TSMC posts forecast-beating profit amid soaring demand for AI chips (Aljazeera.com)

World's largest contract chipmaker reports record $10.1bn net profit for the third quarter.

Post cover
Image courtesy of "Yahoo Finance"

TSMC bullish on outlook as AI boom blows Q3 profit past forecasts (Yahoo Finance)

Taiwan Semiconductor Manufacturing Co, the dominant producer of advanced chips used in AI applications whose customers include Apple and Nvidia, ...

Post cover
Image courtesy of "Focus Taiwan News Channel"

TSMC's Q3 net profit hits new high - Focus Taiwan (Focus Taiwan News Channel)

Taiwan Semiconductor Manufacturing Co. (TSMC), the world's largest contract chipmaker, said on Thursday its net profit in the third quarter of this year hit ...

Post cover
Image courtesy of "Yahoo Singapore News"

Taiwan's TSMC posts sharp rise in third quarter net profit (Yahoo Singapore News)

Taiwanese chip giant TSMC announced a bigger-than-expected increase in net profit for the third quarter on Thursday and raised its growth forecasts for the ...

Post cover
Image courtesy of "The Wall Street Journal"

TSMC Posts Record Profit as AI Boom Continues (The Wall Street Journal)

The world's largest contract chip maker said Thursday that quarterly net profit surged 54%, topping the consensus estimate from a FactSet poll of analysts.

TSMC bullish on outlook as Q3 profit beats forecasts on AI boom (ZAWYA)

TSMC said it expects capital expenditure for this year at slightly higher than $30bln, compared with a previous forecast of $30bln-$32bln, as it races to ...

Post cover
Image courtesy of "Yahoo Finance UK"

TSMC Hikes Revenue Outlook in Show of Confidence in AI Boom (Yahoo Finance UK)

(Bloomberg) -- Taiwan Semiconductor Manufacturing Co. raised its target for 2024 revenue growth after quarterly results beat estimates, allaying concerns ...

Nvidia, chip stocks rally after TSMC's blowout earnings (Yahoo Eurosport UK)

Investing.com -- Chip stocks rose higher Thursday after a blowout earnings report by Taiwan Semiconductor Manufacturing (NYSE:TSM), the world's largest ...

Post cover
Image courtesy of "Jakarta Post"

Taiwan's TSMC posts sharp rise in third quarter net profit (Jakarta Post)

Taiwan Semiconductor Manufacturing Company controls more than half the world's output of chips used in everything from Apple's iPhones to Nvidia's cutting-edge ...

Construction of TSMC's 2nd fab in Kumamoto to start in Q1 2025 ... (Focus Taiwan News Channel)

Taiwan Semiconductor Manufacturing Co. (TSMC), the world's largest contract chipmaker, said construction of its second advanced wafer fab in Kumamoto, ...

Post cover
Image courtesy of "Reuters"

TSMC bullish on outlook as AI boom blows Q3 profit past forecasts (Reuters)

TSMC, the world's largest contract chipmaker, bet on sustaining its strong growth, after reporting on Thursday a forecast-beating 54% jump in quarterly ...

Post cover
Image courtesy of "Business Standard"

TSMC bullish on outlook as AI boom drives Q3 profit past forecasts (Business Standard)

TSMC estimated its capital spending in the current quarter would more than double to around $11.5 billion.

Post cover
Image courtesy of "CNA"

US chip stocks rally as TSMC's AI-backed outlook impresses investors (CNA)

Taiwan Semiconductor Manufacturing Co, the world's largest contract chipmaker, raised its expectation for annual revenue growth and said sales from AI chips ...

Post cover
Image courtesy of "Reuters"

U.S. chip stocks rally as TSMC's AI-backed outlook impresses ... (Reuters)

U.S. chip stocks rose before the bell on Thursday after industry bellwether TSMC's strong sales forecast fanned investor optimism about demand for ...

Post cover
Image courtesy of "Focus Taiwan News Channel"

TSMC raises sales growth forecast for 2024 to almost 30% - Focus ... (Focus Taiwan News Channel)

Taiwan Semiconductor Manufacturing Co. (TSMC), the world's largest contract chipmaker, on Thursday raised its forecast for year-on-year sales growth in 2024 ...

Post cover
Image courtesy of "Forbes"

'Just The Beginning' For AI Demand Surge As Big Chip Stocks Gain ... (Forbes)

Chip stocks rallied Thursday as the Taiwanese manufacturing partner for American artificial intelligence stalwart Nvidia reported blowout earnings, ...

Post cover
Image courtesy of "Financial Times"

TSMC profits jump 54% on back of AI chip boom (Financial Times)

Taiwan Semiconductor Manufacturing Company, the world's largest chipmaker, has further raised its growth outlook on the back of an artificial intelligence ...

Post cover
Image courtesy of "Bloomberg"

TSMC Hikes Revenue Outlook in Show of Confidence in AI Boom (Bloomberg)

Taiwan Semiconductor Manufacturing Co. raised its target for 2024 revenue growth after quarterly results beat estimates, allaying concerns about global chip ...

Post cover
Image courtesy of "Yahoo Finance"

U.S. chip stocks rally as TSMC's AI-backed outlook impresses ... (Yahoo Finance)

Taiwan Semiconductor Manufacturing Co, the world's largest contract chipmaker, raised its expectation for annual revenue growth and said sales from AI chips ...

Post cover
Image courtesy of "台北時報"

TSMC expects 30% sales growth (台北時報)

DEMAND FOR AI CHIPS: Net income in the third quarter surged 31.2% quarter-on-quarter to NT$325.26 billion, the strongest quarterly return in the company's ...

Post cover
Image courtesy of "Yahoo Finance UK"

TSMC bullish on outlook as AI boom blows Q3 profit past forecasts (Yahoo Finance UK)

Taiwan Semiconductor Manufacturing Co, the dominant producer of advanced chips used in AI applications whose customers include Apple and Nvidia, ...

Post cover
Image courtesy of "The Next Platform"

No Slowdown At TSMC, Thanks To The AI Gold Rush (The Next Platform)

With a near monopoly on advanced chip manufacturing and packaging, it is no wonder that during the AI boom that the world's largest foundry is not only.

Post cover
Image courtesy of "Yahoo Finance"

Chip stocks rally as TSMC forecasts strong AI demand for 'many years' (Yahoo Finance)

Taiwan Semiconductor Manufacturing Company's blowout third quarter earnings and optimism over AI demand boosted chip stocks Thursday.

Post cover
Image courtesy of "Investor's Business Daily"

TSMC Stock Soars On Earnings Beat. Two Sectors Are Driving ... (Investor's Business Daily)

Taiwan Semiconductor Manufacturing handily beat estimates for Q3 and with its guidance for the current period. TSM stock jumped.

TSMC stock hits new high after posting forecast-beating earnings (The Business Times)

TAIPEI-LISTED shares in Taiwan Semiconductor Manufacturing Company (TSMC) hit a record high on Friday (Oct 18) after the chipmaker posted forecast-beating ...

Post cover
Image courtesy of "Reuters"

TSMC stock hits new high after forecast-beating earnings (Reuters)

The Taipei-listed shares of TSMC hit a record high on Friday after the world's largest contract chipmaker posted forecast-beating third-quarter earnings and ...

Post cover
Image courtesy of "Yahoo Finance"

TSMC stock hits new high after forecast-beating earnings (Yahoo Finance)

The Taipei-listed shares of TSMC hit a record high on Friday after the world's largest contract chipmaker posted forecast-beating third-quarter earnings and ...

Post cover
Image courtesy of "Nikkei Asia"

TSMC says 'insane' AI demand is 'real' and a boon for chip giant (Nikkei Asia)

TAIPEI -- Taiwan Semiconductor Manufacturing Co. on Thursday said "extremely robust" AI demand is set to continue for years and deliver another record.

Post cover
Image courtesy of "The Information"

U.S. Probes TSMC's Dealings With Huawei (The Information)

The U.S. Commerce Department is investigating whether Taiwan Semiconductor Manufacturing Co. has been making artificial intelligence or smartphone chips for ...

Post cover
Image courtesy of "Yahoo Canada Finance"

TSMC says it will take 'prompt action to ensure compliance' after ... (Yahoo Canada Finance)

The U.S. is reportedly probing whether TSMC is making AI or smartphone chips with Huawei, currently barred from accessing chips made with U.S. technology.

Post cover
Image courtesy of "Asia Financial"

TSMC Says It Obeys Export Controls as US Probes Links to Huawei (Asia Financial)

The logo of Taiwanese chip giant TSMC is seen at a science park in Tainan in southern Taiwan. Photo: Reuters. Taiwanese chipmaker TSMC said it was committed to ...

Post cover
Image courtesy of "台北時報"

TSMC says it complies with laws, export controls (台北時報)

Taiwan Semiconductor Manufacturing Co (TSMC, 台積電), the world's largest contract maker of advanced chips, yesterday said it is a law-abiding company, and is ...

Post cover
Image courtesy of "Asia Times"

US investigates whether TSMC has really cut ties with Huawei (Asia Times)

The US Commerce Department has reportedly probed into TSMC to see whether the chip maker is making chips sanctioned Huawei Technologies.

Post cover
Image courtesy of "HPCwire"

TSMC Reports 39% Revenue Growth in Q3 2024 (HPCwire)

HSINCHU, Taiwan, Oct. 18, 2024 — TSMC (TWSE: 2330, NYSE: TSM) has announced consolidated revenue of NT$759.69 billion (~US$23.71 billion), net income of ...

Post cover
Image courtesy of "Fortune"

TSMC says it will take 'prompt action to ensure compliance' after ... (Fortune)

The U.S. is reportedly probing whether TSMC is making AI or smartphone chips with Huawei, currently barred from accessing chips made with U.S. technology.

Explore the last week