From SiliconANGLE · Maria Deutscher · · 1m 20s
TSMC posts strong third-quarter results, but shares drop amid AI selloff
TSMC reports strong quarterly results as AI stocks fall.
In brief
TSMC reports strong quarterly results as AI stocks fall. TSMC's third-quarter results beat expectations with $46.36 billion revenue, but shares dropped 2% due to AI stock selloff. Originally reported by SiliconANGLE.
TSMC reports strong quarterly results
TSMC posted better-than-expected financial results for the third quarter with $46.36 billion revenue.
Shares drop 2% amid AI selloff
TSMC shares dropped 2% as investors sold artificial intelligence stocks following an X post about CoreWeave Inc.'s debt load.
AI sector drives 68% of revenue
TSMC's high-performance computing segment, including graphics cards for Nvidia, generated 68% of its $46.36 billion revenue.
Samsung and SK hynix shares fall
Samsung Electronics and SK hynix shares dropped more than 8% while Intel shares fell 6.6% during the trading session.
TSMC completes Arizona fab construction
TSMC finished building its three-nanometer Fab 2 plant in Arizona, expecting mass production in the third quarter of 2027.
TSMC's auto and smartphone orders rise
TSMC saw a 22% year-over-year jump in auto chip demand and a 10% increase in smartphone maker orders.
TSMC boosts capital expenditures
TSMC plans significant capital increases over the next two years to support its two-nanometer and one point six nanometer process development.
What to remember
TSMC's third-quarter results beat expectations with $46.36 billion revenue, but shares dropped 2% due to AI stock selloff.
