On October 16, TSMC, the world's foremost chip foundry, unveiled its third-quarter financial results. Spurred by a notable uptick in semiconductor demand, particularly driven by artificial intelligence applications, TSMC reported a substantial 39.1% year-on-year increase in net profit. This impressive figure not only surpassed market expectations but also marked a new record high. Among TSMC's esteemed clientele are industry giants such as NVIDIA and Apple.

From July to September, TSMC's net profit soared to NT$452.3 billion (approximately US$14.76 billion), significantly outpacing market forecasts of NT$417.7 billion. During this same period, the company's revenue reached NT$989.92 billion, a stark contrast to the NT$759.692 billion recorded in the corresponding period of the previous year.

In the wake of these robust financial figures, TSMC's U.S. stocks experienced a notable uptick, surging more than 3% in after-hours trading.