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Apple Silicon supplier TSMC’s third-quarter profit jumps 39.1% to record

MacDailyNews

Oct 16

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TSMC, the world’s largest manufacturer of advanced chips and a key supplier to Apple Silicon, upgraded its full-year revenue outlook on Thursday amid optimistic expectations for AI-related spending, following a record quarterly profit that far exceeded analyst projections.

Wen-Yee Lee, Faith Hung, and Ben Blanchard for Reuters:
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U.S.-listed shares of the Taiwanese chipmaker were up 1.6% in pre-market trade in New York and boosted U.S. semiconductor stocks, including AI leader Nvidia and Advanced Micro Devices.
TSMC said it expects robust artificial intelligence demand to continue, as it raised its 2025 revenue guidance to mid-30% growth in U.S. dollar terms from around 30%, and maintained its forecast for capital spending at up to $42 billion for 2025.
“AI demand actually continues to be very strong – more strong than we thought three months ago,” CEO C.C. Wei told an earnings call. “We are also happy to see a continuous strong outlook from our customers,” he added.
Taiwan Semiconductor Manufacturing Co, whose customers also include iPhone maker Apple, posted a 39.1% jump in third-quarter net profit and said it would be prudent in its business planning going into 2026… TSMC said net profit for July-September climbed to T$452.3 billion ($14.76 billion). That was well ahead of a T$417.7 billion LSEG SmartEstimate drawn from 20 analysts.
TSMC announced plans for a $100 billion U.S. investment with [U.S. President Donald] Trump at the White House in March, on top of $65 billion pledged for three plants in the state of Arizona, one of which is up and running.

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MacDailyNews Take: Let’s get to churning out those 3nm M5 Pro, M5 Max, and, hopefully, M5 Ultra chips, TSMC!

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