Based on this, the company’s Q3 earnings beat analysts’ expectations and the company’s own guidance, rising 36.5 percent year-over-year. For the quarter ending September 30, TSMC posted revenues of NT$759.7 billion (US$23.5 billion), surpassing the projected NT$748 billion. The company will disclose its full Q3 earnings report on October 19.
The company’s success punctuates the continuing demand for cutting-edge chips essential to powering AI applications, cloud computing and other high-performance technologies. Currently, the company now derives more than half of its revenue from the high-performance computing (HPC) segment.
These components are crucial for training large AI models, a field that has experienced explosive growth since the launch of generative AI systems like OpenAI’s ChatGPT.
TSMC’s continued expansion into the AI sphere is also reflected in its increasing efforts to invest in the US market.
The company’s Fab 21 facility in Arizona, which is still ramping up production, is part of TSMC’s broader strategy to localize chip manufacturing to better serve its North American clients.
Additionally, TSMC has continued to explore new areas of growth, including advanced packaging technologies such as chip-on-wafer-on-substrate (CoWoS). These advanced packaging solutions are critical for improving the performance and efficiency of AI processors.
Securities Disclosure: I, Giann Liguid, hold no direct investment interest in any company mentioned in this article.
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