TSMC expected to report sixth straight quarter of record profit thanks to AI boom
TSMC expected to report sixth straight quarter of record profit thanks to AI boom
Via mint

* Net profit forecast to jump 65% to T$746.3 billion in Q3* Earnings call scheduled for Thursday at 0600 GMT* TSMC a major beneficiary of AI boom* Third-quarter revenue up 50% to a new record, TSMC said ThursdayBy Wen-Yee Lee and Ben BlanchardTAIPEI, Oct 12 (Reuters) - TSMC, the world's largest manufacturer of advanced AI chips, will likely report a sixth consecutive quarter of record earnings, driven by booming infrastructure spending in the tech sector.Analysts say demand for Taiwan Semiconductor…
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