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Taiwan Semiconductor Manufacturing Corp. is the world’s biggest
semiconductor manufacturer. It reported a net profit of a record
452.3 billion new Taiwan dollars ($15 billion) in the
July-September quarter, higher than analysts’ forecasts.
The company earlier said its revenue jumped 30% year-on-year in
the last quarter.
TSMC has been building chip fabrication plants in the United
States and Japan to help hedge against risks from China-U.S.
trade tensions. The chipmaker is a major supplier to companies
such as Apple and Nvidia.
“Demand for TSMC’s products is unyielding,” Morningstar analysts
wrote in a note this month. “Given TSMC’s dominance, we doubt
the company would be hindered if it faced tariffs on shipments
to U.S. customers. We expect AI demand to stay resilient.”
U.S. Commerce Secretary Howard Lutnick proposed last month that
computer chip production be divided 50-50 between Taiwan and the
U.S. Taiwan -- where the majority of global chip manufacturing
is currently based -- rejected that idea.
The company has committed $100 billion in U.S. investments,
including building new factories in Arizona, on top of $65
billion that it pledged earlier.
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