TSMC has raised its full-year revenue forecast after reporting a stronger-than-expected profit, driven by unrelenting demand for advanced chips powering the global artificial intelligence boom. The Taiwanese semiconductor leader now expects 2025 revenue to grow by the mid-30% range, up from its earlier 30% estimate, and plans to invest up to $42 billion in capital spending next year.
“AI demand is stronger than we thought three months ago,” said CEO C.C. Wei, adding that the company continues to receive “very strong signals” from major clients such as Nvidia, AMD, Broadcom, and Apple seeking more production capacity.
TSMC’s third-quarter profit jumped 39.1% to T$452.3 billion ($14.76 billion), surpassing analyst estimates. The results highlight how AI-driven infrastructure spending — from OpenAI’s multibillion-dollar partnerships to massive data center projects — continues to boost semiconductor suppliers.
Despite U.S. trade uncertainties and potential tariffs on chips, Wei said TSMC remains confident about long-term growth. Even without the China market, he said, “AI’s growth will be very dramatic.”
TSMC’s shares have climbed 38% year-to-date, reflecting investor optimism that the company will remain at the core of the global AI supply chain.
