TSMC profits blow past market forecast thanks to AI boom
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STORY: :: TSMCChip giant TSMC posted a record-breaking third-quarter profit Thursday, up 39.1%, smashing market expectations.But looming U.S. tariffs could cloud its outlook.Riding the AI boom, the company reported a net profit of nearly $15 billion, marking its sixth straight quarter of double-digit growth.:: FileDemand from major players like Apple and Nvidia continues to boost its bottom line.The Taiwan firm says AI demand is still strengthening, and is higher now than it had expected only three months ago. That follows similarly robust outlooks from other major tech players, including South Korea's Samsung and European chip gear leader ASML - a big supplier to TSMC. Despite the strong results, uncertainty looms.U.S. tariffs imposed by Donald Trump's administration weigh on the outlook.:: TSMCStill, TSMC is pushing ahead with a $100 billion U.S. expansion.That's on top of $65 billion already pledged for three plants in Arizona, one already operational.:: File TSMC shares are up 38% this year, outpacing Taiwan’s broader market as investors so far shrug off the tariff risks.
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STORY: :: TSMCChip giant TSMC posted a record-breaking third-quarter profit Thursday, up 39.1%, smashing market expectations.But looming U.S. tariffs could cloud its outlook.Riding the AI boom, the company reported a net profit of nearly $15 billion, marking its sixth straight quarter of double-digit growth.:: FileDemand from major players like Apple and Nvidia continues to boost its bottom line.The Taiwan firm says AI demand is still strengthening, and is higher now than it had expected only three months ago. That follows similarly robust outlooks from other major tech players, including South Korea's Samsung and European chip gear leader ASML - a big supplier to TSMC. Despite the strong results, uncertainty looms.U.S. tariffs imposed by Donald Trump's administration weigh on the outlook.:: TSMCStill, TSMC is pushing ahead with a $100 billion U.S. expansion.That's on top of $65 billion already pledged for three plants in Arizona, one already operational.:: File TSMC shares are up 38% this year, outpacing Taiwan’s broader market as investors so far shrug off the tariff risks.