Against the backdrop of rising global chip demand, semiconductor manufacturing giant Taiwan Semiconductor Manufacturing Company (TSMC) announced its third-quarter financial results for 2024, which were impressive. The company reported a net profit of NT$352.3 billion (approximately $10.1 billion), a 54% increase from the same period last year. This performance exceeded market analysts' expectations, with Reuters previously forecasting a net profit of NT$300.2 billion.
Image Source: The image was generated by AI, provided by the image licensing service Midjourney.
As a global leader in advanced chip manufacturing, TSMC's clientele includes tech giants like Apple and NVIDIA. In recent years, the rapid development of artificial intelligence (AI) applications has driven strong demand for high-performance chips. This trend has significantly boosted TSMC's performance, reflecting the enormous potential of the AI market.
During the July to September quarter, TSMC not only achieved profit growth but also demonstrated its central role in the global semiconductor market. The company mentioned in its financial report that continuous technological innovation and rapid response to customer needs are key drivers of performance growth.
Key Points:
🌟 TSMC's Q3 net profit reached NT$352.3 billion, a 54% year-over-year increase.
💻 The rise of artificial intelligence has driven demand for high-performance chips, aiding performance growth.
🚀 TSMC is continuously expanding its production capacity to meet the growing market demand.