Taiwan Semiconductor Manufacturing Co (TSMC), the world's largest contract chipmaker, reported record third-quarter revenue on Thursday, beating market expectations as strong demand for artificial intelligence applications continued to drive growth across the semiconductor industry.
Revenue for the July-September quarter rose 50% year-on-year to T$1.49 trillion ($46.71 billion), according to Reuters calculations. The result exceeded the T$1.46 trillion forecast from an LSEG SmartEstimate based on estimates from 19 analysts.
