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Baidu World 2026 to Open Nov 12 in Beijing With Theme 'The Next Act: Intelligent Organizations'Kunlun Wanwei's Skywork AI Releases Matrix-Game 4.0, an Open-Source Game World Model for a Single RTX 5090SpaceXAI's Grok Voice 3.0 Tops Artificial Analysis Speech-to-Speech IndexTSMC posts record third-quarter profit for sixth straight quarter, beating estimates on AI boomFAW-Volkswagen Details ID.AURA T6 Quality Checks at Foshan PlantTechRadar Flags Apple AirTag 2 as an iPhone Essential With Four-Pack 22% Off
AI Chips & Compute

TSMC posts record third-quarter profit for sixth straight quarter, beating estimates on AI boom

TSMC reported a record third-quarter net profit of NT$763.1 billion, beating LSEG estimates, as AI chip demand drove revenue to NT$1.49 trillion. Net profit rose 68.7% year over year, a sixth straight quarterly record.

AI News Feed · 2026-10-15 17:01

Net profit rose 68.7% from a year earlier and set a record for a sixth consecutive quarter. TSMC has continued to report strong monthly sales growth amid sustained demand for advanced chips. In September, revenue rose 54.6% from a year earlier to NT$511.86 billion, CNBC reported.

During its second-quarter earnings announcement in July, TSMC outlined plans to expand its U.S. manufacturing footprint, including a total planned investment of $265 billion in Arizona. The chipmaker is also reportedly considering expanding beyond Arizona and evaluating a potential investment in Texas as it looks to further strengthen its U.S. manufacturing presence.