Global chip foundry giant TSMC announced its Q3 2024 financial report, with the AI boom boosting revenue expectations
ChainCatcher news, semiconductor leader TSMC held a corporate briefing on the 17th of last year, announcing its Q3 financial report and Q4 financial forecast. The impressive results not only caused TSMC's ADR (American Depositary Receipt) to surge by 12% at one point, but also led to a significant increase in TSMC's stock price, reaching 1100 NTD during trading this morning, a rare historical high, closing at 1085 NTD, with an increase of 4.83%. TSMC's recently released Q3 financial report shows that the company's revenue and profits significantly exceeded market expectations.According to the latest data, the consolidated revenue for the quarter reached 759.69 billion NTD, indicating that the company's operational status remains robust. The strong global demand for artificial intelligence hardware is also one of the key factors driving TSMC's performance growth. Analysts point out that the ongoing AI boom will continue to enhance TSMC's revenue expectations and effectively alleviate market concerns about insufficient chip demand.