TSMC CEO C.C. Wei sees no slowdown as chip foundry posts record profit

Taiwan Semiconductor Manufacturing Co. keeps running into the same problem: customers want more chips than it can comfortably make. On October 15, 2026, the company reported its sixth consecutive quarter of record net profit. CEO C.C. Wei described demand as “extremely robust” and said he sees no sign of the AI trend slowing. The numbers behind the record TSMC’s third-quarter net profit came in at NT$763.1 billion, or approximately $23.6 billion. That is a 68.7% jump from the same period a year earlier. The result beat analyst expectations by a wide margin. It also extended a streak: this was the 11th straight quarter of year-over-year profit growth. Revenue climbed to NT$1.494 trillion, or about $46.7 billion. That works out to a 50.9% increase year-over-year and a 17.6% gain from the previous quarter. Advanced process technologies accounted for 79% of total wafer revenue in the quarter. Guidance goes up, spending holds steady Management lifted its full-year 2026 revenue growth outlook to about 44% in US dollar terms. The previous forecast called for growth “slightly above 40%.” Fourth-quarter guidance is even more aggressive. TSMC expects revenue between $52.3 billion and $54.3 b...