7/24 FINANCE
TREN
BIST10014.251,29▼ 0.00%TipRanks and Defiance KSM Launch RANK ETF: Where Analyst Endorsement Meets MomentumUSD/TRY47.3116▲ 0.20%Broadcom Secures Silicon Dominance via Extended Apple Partnership Through 2031EUR/TRY53.9556▲ 0.30%Deep Dive into Texas Instruments’ Q2 Earnings Outlook and Cash FlowBTC/USD$64,221.91▼ -1.19%First Bancorp to Acquire First Carolina Bancshares in $166M DealGOLD6.036,01▲ 0.15%Silver Prices Stuck Below $60 Amid Iran Conflict and Fed Rate OutlookBRENT$84.15▼ 0.00%Nvidia and Meta: 2026’s Brightest Growth StocksCorrelation Index Hits Historic Lows: A Golden Era for Stock Pickers or a Hidden Trap?BIST10014.251,29▼ 0.00%TipRanks and Defiance KSM Launch RANK ETF: Where Analyst Endorsement Meets MomentumUSD/TRY47.3116▲ 0.20%Broadcom Secures Silicon Dominance via Extended Apple Partnership Through 2031EUR/TRY53.9556▲ 0.30%Deep Dive into Texas Instruments’ Q2 Earnings Outlook and Cash FlowBTC/USD$64,221.91▼ -1.19%First Bancorp to Acquire First Carolina Bancshares in $166M DealGOLD6.036,01▲ 0.15%Silver Prices Stuck Below $60 Amid Iran Conflict and Fed Rate OutlookBRENT$84.15▼ 0.00%Nvidia and Meta: 2026’s Brightest Growth StocksCorrelation Index Hits Historic Lows: A Golden Era for Stock Pickers or a Hidden Trap?
Global Markets

TSMC's Q3 Profits Surge 77% on AI Chip Demand Surge

724FinanceDr. Yaman Ege
TSMC's Q3 Profits Surge 77% on AI Chip Demand Surge

Taiwan Semiconductor Manufacturing Company (TSMC) reported a 77% year-on-year increase in net profit for Q3 2023, reaching $1.17 billion compared to $666 million in Q3 2022. This surge reflects the explosive demand for AI chips and TSMC's leadership in 3nm and 2nm production technologies. The company is targeting $15 billion in revenue for 2024, despite challenges from ASML's EUV machine delivery delays. CEO C.C. Wei emphasized, 'The AI transformation is reshaping the semiconductor industry.' ### China's Decline and U.S. Chip Dependence ### The crisis in China's semiconductor industry is strengthening TSMC's position in the U.S. and Taiwan. The U.S.'s efforts to reduce reliance on China are positioning TSMC as a strategic advantage.

ASML's EUV Machine Delays and Supply Chain Risks ### Delays in ASML's EUV machine deliveries pose risks to TSMC's 2024 production plans. The company is exploring additional facility construction in China to mitigate these risks.

Rare Earth Conflict and Tech Stocks ### The outcome of the China-U.S. rare earth conflict will impact tech stocks. Companies like Nvidia, AMD, and Intel are closely monitoring the developments.

TSMC's profit surge indicates that the AI chip boom is just beginning. With a $15 billion revenue target for 2024, the company is shaping the future of the semiconductor industry. This development will force markets to reassess investments in AI and semiconductor technologies.
Dr. Yaman Ege

Financial Analyst: Dr. Yaman Ege

Semiconductor and Tech Supply Chain Director. Industrial futurist analyzing TSMC capacities, ASML machines, and the US-China rare earth war's impact on tech stocks.

Disclaimer: The investment information, comments, and recommendations contained herein are not within the scope of investment advisory. Investment advisory services are provided individually by authorized institutions, taking into account the risk and return preferences of individuals. The comments and recommendations contained herein are general in nature. These recommendations may not be suitable for your financial situation and your risk and return preferences. Therefore, making an investment decision based solely on the information contained herein may not produce results that meet your expectations.

© 2026 724Finance - All Rights Reserved.Original Source: Ft.com