TSMC's net profit for the third quarter is expected to increase by 65% year-on-year

The world's largest advanced AI chip foundry, Taiwan Semiconductor Manufacturing Company (TSMC), is expected to see a year-on-year increase of 65% in net profit for the third quarter, reaching 746.3 billion New Taiwan Dollars (approximately 23.4 billion US Dollars), marking a historical high for six consecutive quarters. TSMC's revenue for the third quarter is projected to be 1.49 trillion New Taiwan Dollars (about 46.7 billion US Dollars), a year-on-year increase of 51%, exceeding market expectations.