TSMC posts record Q3 profits and strong Q4 guidance, reaffirming robust AI chip demand

A post citing Taiwanese press says TSMC reported $46.72 billion in revenue and record profit of $23.6 billion, up 68% year over year, with fourth-quarter revenue guidance of $52.3–$54.3 billion. The post says management assessed AI financing, data-center construction and component supplies before concluding demand still exceeds supply. According to the post, TSMC said AI accelerator revenue growth could exceed its previous 50%-plus compound annual growth projection through 2029.