Taiwan Semiconductor Manufacturing Co. has reportedly increased its annual revenue growth projection to mid-30% as third-quarter profits reached record levels. The upward revision comes despite ongoing trade tensions and U.S. tariff pressures affecting the global semiconductor industry.
Record Profits Drive Optimistic Outlook
Taiwan Semiconductor Manufacturing Co. (TSMC) has further elevated its revenue guidance for the year as the company’s third-quarter profits soared to unprecedented levels, according to recent reports. Sources indicate the world’s largest contract chip maker now anticipates mid-30% revenue growth for the year, up from its previous projection of approximately 30% growth.