TSMC posts a better-than-anticipated 39% jump in quarterly profit, the latest sign of rising demand for components like Nvidia chips https://t.co/qeraC7rmvD ...

In this articleThe TSMC logo is displayed on a building in Hsinchu, Taiwan April 15, 2025.Taiwan Semiconductor Manufacturing Company on Thursday reported a 39.1% increase in third-quarter profit from last year, hitting a fresh record as demand for artificial intelligence chips stayed strong.Here are the company's results versus LSEG SmartEstimates:Revenue: NT$989.92 billion new Taiwan dollars, vs. NT$977.46 billion expectedNet income: NT$452.3 billion, vs. NT$417.69 billion TSMC's revenue in the September q ...

Core Insights - TSMC reported a 39.1% increase in third-quarter net profit, surpassing market expectations and achieving a record high due to rising demand for semiconductors [1] Financial Performance - The company's net profit for the third quarter reached a new record, driven by strong market demand [1] - The growth in profit indicates robust performance in the semiconductor industry, reflecting broader trends in technology and electronics [1]

台积电第三季度净利润4,523亿元台币，预估4,054.7亿元台币；第三季度毛利率59.5％，预估57.1％。 市场有风险，投资需谨慎。本文不构成个人投资建议，也未考虑到个别用户特殊的投资目标、财务状况或需要。用户应考虑本文中的任何 意见、观点或结论是否符合其特定状况。据此投资，责任自负。 风险提示及免责条款 ...

NEW YORK (AP) — U.S. stocks fell on Thursday, hurt by drops for midsized banks as worries flare about the loans they’ve made. The S&P 500 slid 0.6% in its latest up-and-down day after erasing a morning gain. The Dow Jones Industrial Average dropped 301 points, or 0.7%, and the Nasdaq composite lost 0.5%. Zions Bancorp. tumbled 13.1% after the bank said its profit for the third quarter will take a hit because of a $50 million charge-off related to loans made to a pair of borrowers. Zions said it found “ap ...

Core Insights - Apple has been TSMC's largest customer for ten consecutive years, contributing 25% of TSMC's revenue in 2023, with a projected decline to 22% in 2024 due to increased contributions from other clients [1][3] - Nvidia is expected to surpass Apple as TSMC's largest customer, driven by explosive growth in AI chip demand, marking a potential shift in the customer landscape [1][4] Group 1: Customer Dynamics - TSMC's chairman highlighted that despite challenges in the global consumer electronics market, the company will benefit from strong demand for advanced processes and AI, which is becoming a key growth driver [3] - The collaboration between Apple and TSMC began in 2010, with Apple gradually shifting its chip manufacturing from Samsung to TSMC, culminating in a full transition for the A8 chip in 2014 [3] - Nvidia's revenue contribution to TSMC is projected to increase from approximately 5-6% in 2023 to over 10% in 2024, reflecting the rising demand for AI chips and gaming graphics cards [3] Group 2: Market Trends - By Q2 2025, Nvidia's share of TSMC's revenue is expected to rise to 19-21%, potentially equaling or surpassing Apple's share, especially during peak shipping periods in Q4 2025 [4] - The semiconductor market is transitioning from a mobile chip-driven growth model, dominated by Apple, Qualcomm, and MediaTek, to a new era led by AI chips, primarily driven by Nvidia [4]

Core Viewpoint - TSMC is expected to report strong earnings growth driven by robust demand for AI chips, with Q3 revenue projected to exceed $31.61 billion, reflecting over 30% year-on-year growth [1][2] Group 1: Financial Performance - TSMC's September revenue increased by 31.4% year-on-year, reaching NT$330.98 billion (approximately $10.84 billion), despite a 1.4% decline from August [1] - For the July to September quarter, TSMC's revenue is estimated at NT$989.98 billion (approximately $32.44 billion), a significant increase of 30.3% compared to NT$759.69 billion in the same period last year [1] - Monthly revenues for TSMC were NT$323.2 billion in July and NT$335.8 billion in August [1] Group 2: Analyst Sentiment - Analysts have become increasingly optimistic about TSMC's outlook, frequently raising revenue and earnings per share forecasts [2] - Strong AI demand and stable gross margins are supporting sustained market demand for TSMC's chips, according to analyst Mike Zaccardi [2] - Despite geopolitical uncertainties, TSMC's high valuation is deemed reasonable due to its double-digit earnings growth and favorable pricing trends [2]

Core Viewpoint - TSMC is expected to report strong Q3 earnings driven by robust demand for AI chips, with revenue projected to exceed $31.61 billion, reflecting over 30% year-on-year growth [1][2] Group 1: Financial Performance - TSMC's September revenue increased by 31.4% year-on-year, reaching approximately $10.84 billion, despite a 1.4% decline from August [1] - For the July to September quarter, TSMC's revenue is estimated at approximately $32.44 billion, a significant increase of 30.3% compared to the same period last year [1] - Analysts predict TSMC's earnings per share for Q3 to be $2.63 [1] Group 2: Market Outlook - Analysts have become increasingly optimistic about TSMC's prospects, frequently raising revenue and earnings per share forecasts [2] - Strong AI demand and stable gross margins are supporting sustained demand for TSMC's chips [2] - Despite geopolitical uncertainties, TSMC's high valuation is deemed reasonable due to its double-digit profit growth and favorable pricing trends [2]

The Taiwan Semiconductor Manufacturing Company’s fabrication plant in Phoenix. Global investors are ramping up bets on Taiwan Semiconductor Manufacturing Co. ahead of its earnings, confident that the world’s leading chip foundry will remain one of the biggest winners from the AI spending boom. Most Read from Bloomberg Its American depositary receipts are trading at the highest premium to its Taipei shares since 2002, on a 50-day moving average basis. That’s driven by growing awareness among investors aro ...

Semiconductor Industry - Kaynes Semicon has shipped India's first commercially packaged multi-chip module to US-based Alpha & Omega Semiconductor (AOS), marking a significant milestone in India's semiconductor journey [17][18] - The Sanand OSAT facility, established under India Semiconductor Mission 1.0, received central funding of Rs 1,653.5 crore and has a capacity to produce 3,000 pieces per day, with plans for another shipment next month [4][17] - Once fully operational, Kaynes' facility is designed for a daily output of 6.3 million chips, with AOS expected to consume most of the initial capacity, ramping up to about 1.5 million chips per day by Q1 2026-27 [6][18] - Indian semiconductor startups are collaborating with advanced foundries in Taiwan and South Korea to scale their designs, with companies like Calligo Technologies and Mindgrove Technologies leading the way [8][18] Cryptocurrency Sector - Coinbase is increasing its stake in Indian cryptocurrency exchange CoinDCX, valuing the company at $2.45 billion, with the funding aimed at expanding CoinDCX's product suite and global reach [11][13][18] - Coinbase Ventures has been an investor in CoinDCX since May 2020, participating in previous funding rounds that established CoinDCX as India's first crypto unicorn [13][18] Financial Services - Paytm is restructuring its group structure by acquiring stakes from founder Vijay Shekhar Sharma and consolidating its online and offline merchant payment businesses under Paytm Payments Services Ltd (PPSL), which has received RBI's in-principle approval to operate as a payment aggregator [14][18] Investment Activities - Dutch investment firm Prosus has acquired an additional 5.06% stake in Le Travenues Technology, the parent company of online travel aggregator Ixigo, through off-market transactions [17][18]