TSMC to Announce Third Quarter Financial Results, Analysts Expect Record Profits

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Taiwan Semiconductor Manufacturing Company (TSMC), the world’s largest semiconductor foundry, is set to hold its third-quarter earnings call on October 15. With increasing investments in global semiconductor and artificial intelligence (AI) infrastructure, analysts anticipate that TSMC’s profits for the third quarter will hit a new record. According to data from SmartEstimates by the London Stock Exchange Group (LSEG) as reported by Reuters on Monday, TSMC’s third-quarter profit is expected to reach NT$746.3 billion (approximately $23.4 billion), a 65% year-over-year increase, likely marking a sixth consecutive record-breaking quarter. TSMC reported its September revenue last Thursday, indicating a third-quarter revenue of around…

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