TSMC Poised for Record Q3 Profit as AI Demand Drives Chip Boom
TSMC, the world’s largest maker of advanced AI chips, expects its third-quarter net profit to jump 28%, reaching NT$415.4 billion ($13.55 billion). This forecast would mark its highest quarterly profit ever and the seventh straight quarter of growth. Revenue is projected to rise 30% year-on-year, powered by fierce demand from clients like NVIDIA and Apple,…