TSMC reported a 60.3% year-on-year increase in net income to NT$361.56 billion and a 41.6% rise in quarterly revenue to NT$839.25 billion, driven by strong demand for AI chips, particularly from its high-performance computing sector, which makes up 59% of total revenue. The company, despite challenges from U.S. trade policies impacting clients like Nvidia and AMD, maintained its annual revenue forecast. Advanced semiconductor technologies (7nm and smaller) accounted for 73% of wafer revenue. Looking ahead, TSMC is optimistic about growth from its 3nm and 5nm technologies, with a projected mid-20% revenue growth for 2025, while facing potential tariff increases. TSMC is also investing in U.S. facilities, though its shares have dropped over 20% this year.
