Financial Performance and Projections
announced a 54% increase in net profit for the third quarter, reaching T$325.3 billion (US$10.1 billion), attributed to high demand for AI chips, surpassing market expectations.
The company forecasts a nearly 30% growth in full-year revenue for 2024 in U.S. dollar terms, with AI processors expected to contribute significantly to its revenue.
Strategic Expansion and Market Impact
TSMC plans to double its capital expenditure to around US$11.5 billion in the current quarter and anticipates further increases in 2025, aiming to expand production capacity.
The announcement led to a notable surge in shares of TSMC and its clients, including Nvidia and , indicating strong market confidence in the continued demand for AI technologies.