Taiwan Semiconductor Manufacturing Co , the main producer of advanced chips used in artificial intelligence applications, is expected to report a 40% leap in third-quarter profit on Thursday thanks to soaring demand.

Taiwan Semiconductor Manufacturing Co. (TSMC) is projected to announce a 40% profit boost for Q3, fueled by robust demand for AI chips. Serving major clients such as Apple and Nvidia, TSMCs advanced technologies

TSMC expects a 40% profit increase to around $9.27 billion, fueled by AI chip demand. The company's stock has risen 77% this year, with a $65 billion investment in new U.S. factories. Despite TSMC's early success in the AI chip segment, competitors like Intel and Samsung are struggling to keep pace.

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.The main chipmaker to Nvidia Corp.

Taiwan Semiconductor Manufacturing Co. (TSMC), the main producer of advanced chips used in artificial intelligence (AI) applications, is expected to report a 40-percent leap in third-quarter profit on Thursday,

TSMC is expected to report a 40 per cent rise in third-quarter profits, reaching T$298.2 billion, driven by strong demand for AI chips from major clients like Apple and Nvidia.