[LCU/LCS] AI Demand Remains Strong, TSMC's Q3 Net Profit Soars 54% YoY!

In terms of revenue, TSMC's advanced process revenue increased compared to the previous quarter, with 3nm and 5nm processes contributing 52% of the revenue. On the platform level, AI chip foundry services remained robust, and the smartphone business further recovered, driven by increased iPhone shipments.

HSBC previously stated that TSMC's focus will shift to 2nm, with pricing expected to be 33% higher than 3nm. Combined with higher utilization rates, this should help expand profit margins in 2025 and 2026, driving earnings growth.

News Source: AAStocks, Wallstreetcn

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