TSMC’s Q3 Profit Soars 40% After AI Chip Demand Surge
TSMC expects a 40% profit increase to around $9.27 billion, fueled by AI chip demand. The company's stock has risen 77% this year, with a $65 billion investment in new U.S. factories. Despite TSMC's early success in the AI chip segment, competitors like Intel and Samsung are struggling to keep pace.