TSMC Reports Record Q3 Profit, Raises 2026 Outlook on Surging AI Chip Demand

Taiwan Semiconductor Manufacturing Co. (TSMC) announced a record third-quarter net profit of US$23.55 billion, a 69% increase year-over-year, driven by robust demand for AI chips. The company also raised its 2026 revenue growth forecast to approximately 44% and confirmed ongoing major investments in new fabrication facilities, advanced packaging, and expanded AI-chip production capacity.