TSMC Q3 profits rise 69 percent

TSMC, the world's largest contract chip manufacturer, recorded record profits in the third quarter of 2026, with net earnings reaching 763.1 billion Taiwanese dollars (approximately $23.59 billion USD), a 69% increase from last year and surpassing expectations. This growth is attributed to the rising global demand for AI processors, which boosted the company's revenues by 50.9% year-over-year to NT$1.494 trillion. TSMC is a major supplier for large companies such as NVIDIA and Apple, and its importance in the semiconductor market is growing amid stock market volatility and future outlooks, as the reliance on advanced chips continues to drive AI applications development and data center expansion.

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