Taiwan Semiconductor Manufacturing Company reported a 39% profit increase and raised its 2025 revenue forecast, signaling strengthening AI chip demand. The positive results boosted shares of chip designers Nvidia and Broadcom, both TSMC clients. Market analysts suggest the report indicates broader semiconductor industry strength despite ongoing trade tensions.
TSMC’s Quarterly Performance Exceeds Expectations
The global semiconductor industry received a significant boost Thursday as Taiwan Semiconductor Manufacturing Company (TSMC), the world’s largest contract chipmaker, reported stronger-than-expected quarterly results. According to reports from the CNBC Investing Club with Jim Cramer, TSMC posted approximately 39% profit growth during the third quarter compared to the previous year, while also raising its 2025 revenue growth forecast.