TSMC Q3 profit expected to set record on AI spending boom

TAIPEI (Reuters) -TSMC, the world’s largest manufacturer of advanced artificial intelligence chips, is set to post a 28% jump in third-quarter profit to reach a record high due to surging demand for AI infrastructure, though U.S. tariffs may complicate its outlook. Taiwan Semiconductor Manufacturing Co, the world’s biggest contract chipmaker and a key supplier to Nvidia and Apple, is likely to report a net profit of T$415.4 billion ($13.59 billion) for the three months through September 30, showed an LSEG SmartEstimate compiled from 20 analysts. TSMC has already flagged a market-forecast-beating rise in third-quarter revenue of 30%.

Forbes hires Tong to cover artificial intelligence

Forbes has hired Anna Tong to cover artificial intelligence from its San Francisco bureau. “I’ve always wanted to work at a magazine with great editors, and I’m excited tell deeper stories about the entrepreneurs and companies behind the AI revolution,” she wrote on LinkedIn. She has been at Reuters as a tech correspondent covering the metaverse. She previously […]