TSMC expects AI megatrend to strengthen, as profit blows past forecasts

TSMC, the world’s biggest producer of advanced AI chips, forecast fourth-quarter revenue up by as much as 24% as it rides an AI boom that saw it post its sixth consecutive quarter of double-digit profit growth, beating estimates.

TSMC said it expects robust artificial intelligence demand to continue and maintained its forecast for capital spending at up to $42 billion for 2025, although it flagged a potential business impact from U.S. trade tariffs and currency moves.

The Taiwan company, whose customers include Nvidia and Apple, posted a 39.1% jump in…