Against the backdrop of rising global chip demand, semiconductor manufacturing company TSMC announced its financial results for the third quarter of 2024, which were impressive. The company reported a net profit of NT$352.3 billion (approximately $10.1 billion), an increase of 54% compared to the same period last year. This achievement surpassed market analysts' expectations, with Reuters previously estimating a net profit of NT$300.2 billion. Image source: The image was generated by AI, provided by the image licensing service Midjourney. TSMC is a global leader in advanced chips.