TSMC Achieves Record Q3 Profit Amid Strong AI Demand, Considers Texas Expansion

Taiwan Semiconductor Manufacturing Co. (TSMC) reported a record NT$763.1 billion ($23.6 billion USD) net profit for Q3 2026, marking its sixth consecutive record quarter. This significant 69% increase was primarily fueled by robust global demand for artificial intelligence hardware. The world's largest contract chipmaker is also exploring potential investments in Texas to expand its U.S. production capabilities, including possible collaboration on Elon Musk's planned 'Terafab' complex, indicating strategic growth and a response to geopolitical manufacturing trends.