TSMC posts record profit for a sixth straight quarter, beating estimates on AI boom

Taiwan Semiconductor Manufacturing Co. announced third-quarter results that surpassed analyst expectations, driven by sustained worldwide demand for artificial intelligence-related semiconductors. The company achieved a record net profit representing a 68.7% increase compared to the same period a year earlier, marking its sixth consecutive quarter of record profitability.
The chipmaker’s operating margin reached 58.7% for the quarter, exceeding the upper end of its guidance range of 58%,