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[Organization: TSMC’s third-quarter net profit is expected to surge 65% year-on-year, hitting a record high for six consecutive quarters] On October 12, TSMC, the world’s largest advanced AI chip foundry, will announce its third-quarter financial report on Thursday. It is widely predicted that, driven by the AI craze, TSMC is expected to achieve record profits for the sixth consecutive quarter. LSEG SmartEstimate summarizes the forecasts of 16 analysts and shows that TSMC's net profit in the third quarter is expected to increase by 65% year-on-year to NT$746.3 billion (equivalent to US$23.4 billion). If the net profit exceeds NT$706.56 billion, it will once again set a record high for the company's single-quarter net profit and achieve 11 consecutive quarters of profit growth. Last Thursday, preliminary data released by TSMC showed that the company's third-quarter revenue was NT$1.49 trillion (approximately US$46.7 billion), a year-on-year increase of 51%, exceeding market expectations and setting a record high.
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