Taiwan Semiconductor Manufacturing Co. is expected to report a 28% increase in third-quarter profit to a record, driven by insatiable demand for AI infrastructure. However, the US could impact its outlook.
TSMC, the world’s largest producer of advanced artificial intelligence chips and a main supplier to Nvidia and Apple, is expected to report a net profit of T$415.4 billion ($13.55 billion) for the three months ending September 30, according to an LSEG SmartEstimate compiled from 20 analysts. NVIDIA ordered 300,000 H20 chipsets from TSMC last week, according to two sources, which had previously been the largest buyer of TSMC.
Taiwan has already seen a 30% rise in the third quarter. If it surpasses T$398.3 billion, it would be the highest quarterly net income ever, marking its seventh consecutive quarter of profit growth. Mario Morales, group vice president at research firm IDC, expects TSMC’s revenue to increase by at least 30% to 35% this year.
Asia’s most valuable listed company, TSMC, with a market capitalization of approximately $1.22 trillion, almost three times that of its South Korean rival Samsung Electronics, is due to report on Thursday and provide a three-quarter direction in an earnings call scheduled for 0600 GMT.
