TSMC Posts Sixth Straight Record Profit on AI Demand, but Flags Caution for 2027
TSMC’s Q3 net profit jumps 69% to $23.6B as AI demand stays robust, while the company plans more carefully for 2027.
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TSMC Stock Falls Despite Record Sales as Investors Sell the News
TSMC reported record Q3 revenue of $46.7 billion, up 50%, but shares fell as investors sold the news amid higher rates and rich valuations.
GlobalFoundries and TSMC Agree on $2 Billion Plan for U.S. Silicon Interposers for AI Packaging
GFS will make silicon interposers for TSMC’s CoWoS packaging in Malta, N.Y., under a multi-year $2B deal, with volume ramp in early 2028.
Intel rises as Musk says Tesla and SpaceX, not TSMC, will run Terafab
Intel remains a partner, while TSMC is limited to a possible sublease.
TSMC and Elon Musk’s Terafab are in early talks on a Texas chip plant
Intel shares fell after Elon Musk confirmed that TSMC is in discussions over Terafab, although Intel remains the project’s first named manufacturing partner.
Chip and AI Stocks Drop After CEOs Urge Caution on Development Pace
AI leaders including Amodei, Altman and Musk call to pace the frontier. Chip, memory and networking stocks fall as investors weigh spending and IPOs.