Taiwan Semiconductor Eyes $23B in Q3 Revenue as AI Demand Soars

Taiwan Semiconductor Manufacturing Co (NYSE:TSM) will likely report a third-quarter topline of $23.096 billion (versus $17.280 billion a year ago) and adjusted EPS of $1.80 on Thursday, according to analyst consensus estimates. The 34% revenue growth comes from the continued artificial intelligence frenzy and as countries remain engaged in consolidating their semiconductor base to reduce dependence on Asian countries like China. TSMC has guided for revenue of $22.4 billion-$23.2 billion. Last we