Reported 15 days ago
TSMC, the leading global chip producer, reported a record profit in Q3 and raised its revenue forecast due to strong demand for artificial intelligence applications. The company anticipates continued growth in AI-related spending, prompting a forecast of mid-30% revenue growth for 2025 and maintaining its capital expenditure target of up to $42 billion. TSMC's robust performance reflects sustained confidence in AI, despite some concerns about potential market bubbles in the sector.
Source: YAHOO