TSMC, the world's largest contract chipmaker, reported on Wednesday third-quarter revenue that easily beat both the market and company's own forecasts as it reaped the benefit from artificial intelligence (AI) demand.

Taiwan Semiconductor Manufacturing Co, whose customers include Apple and Nvidia, has been at the forefront of the march towards AI

Taiwan Semiconductor Manufacturing Co. posted a 39% increase in its September revenue, in what saw it beat analysts’ sales forecasts for the third quarter of 2024

Taiwan Semiconductor Manufacturing Co. posted a better-than-expected 39% rise in quarterly revenue, assuaging concerns that AI hardware spending is beginning to taper off.

Taiwan Semiconductor Manufacturing (NYSE:TSM) revenue for September surged 39.6% year-over-year to about NT$251.87B amid growing demand for artificial intelligence chips for use in AI products. TSM — which produces chips for some of the world's largest tech companies including Apple (AAPL),