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TSMC Reports Record Profit for Sixth Straight Quarter
Taiwan Semiconductor Manufacturing Company ($TSMC) reported a record third-quarter net profit of $23.7 billion, beating analyst expectations. Revenue reached $46.36 billion due to strong AI chip demand. TSMC forecast fourth-quarter revenue of $52.3 billion–$54.3 billion, representing a 14% sequential increase and a 58% jump from a year earlier at the midpoint of its guidance range. The chipmaker expects its capital expenditure from 2026 to 2028 to be significantly higher than in the previous three years, as it continues to ramp up investments to support growing customer demand.