Driven by the vigorous development of AI technology and the strong demand in the smartphone market, TSMC achieved revenue of NT$759.69 billion (equivalent to about RMB 168.35 billion) in the third quarter, an increase of 39% year-on-year and 12.8% quarter-on-quarter.
What's even more remarkable is that the net profit after tax reached a staggering NT$325.26 billion (equivalent to about RMB 72.08 billion), a surge of 54.2% year-on-year and a month-on-month climb of 31.2%.
Looking ahead, TSMC is confident in the fourth quarter, expects revenue to continue to grow by more than 11%, and once again raised its full-year dollar revenue guidance to 30% year-over-year.
From the perspective of process technology, advanced process technology (including 7nm and below) has become the main source of TSMC's revenue, accounting for 69%.
Among them, 5nm process technology continues to dominate, accounting for 32% of revenue; The 7nm process technology accounts for 17%.
It is worth mentioning that thanks to the strong shipments of Apple's A18 series processors, the revenue share of 3nm process technology increased to 20% in this quarter, an increase of 5 percentage points from the previous quarter.
In addition, with the wide application and explosive growth of AI large models, TSMC expects that the revenue from AI server processors will more than triple this year compared with last year, accounting for 14% to 16% of the overall revenue.
In terms of capital expenditure, TSMC's spending in the third quarter reached $6.4 billion. Looking ahead to the full year, the company expects capital expenditures in 2024 to be slightly above its $30 billion target, with 70% to 80% of the funds going to drive the development of advanced process technologies.
