TSMC, a Taiwanese chipmaker that is the world’s 9th-largest company by market capitalisation, is not just a lynchpin in the global electronics supply chain. It is also a bellwether for AI-related investment around the world. On Thursday it reported a net profit of $10.1bn in the third quarter, up 54% year on year and above expectations. It has undoubtedly had a good year. TSMC’s sales, reported monthly, have touched record highs. The company booked almost NT$760bn ($23.6bn) between July and September, up by 39% on the same period last year. As the largest producer of the most advanced chips, TSMC matters far beyond Taiwan. On the company’s earnings call on Thursday, executives said they expected capital expenditure for this year to be slightly higher than $30bn, above some forecasts. That suggests the boom in AI-related investment will continue.
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