TSMC is expected to extend its record earnings streak on Thursday as accelerating artificial intelligence infrastructure investment continues to drive demand for advanced semiconductor manufacturing. The expected results will provide another important indicator of the strength of the global AI supply chain, with Taiwan Semiconductor Manufacturing Co. remaining a major manufacturing partner for leading technology companies.

AI Demand Drives Another Record Quarter

Analysts expect TSMC’s third-quarter net profit to reach T$746.3 billion, representing a 65% increase from a year earlier. If achieved, the result would mark the company’s sixth consecutive quarter of record earnings, reinforcing the extent to which AI-related semiconductor demand has transformed the company’s financial trajectory.

TSMC has also said that third-quarter revenue increased approximately 50% to a record level. The growth reflects strong demand for its advanced chipmaking capacity as technology companies continue investing heavily in infrastructure designed to support increasingly sophisticated AI systems.

Advanced Packaging Becomes a Critical Growth Area

Analysts cited continued strength in demand for TSMC’s CoWoS advanced chip packaging technology, an important component of the company’s AI-related manufacturing operations. Demand for both advanced chipmaking capacity and packaging remains strong, according to analysts cited by Reuters.

The strength across these capabilities is significant because the AI infrastructure buildout requires not only increasingly advanced semiconductor production but also sophisticated packaging technologies. Sustained demand therefore provides TSMC with exposure to multiple stages of the advanced AI chip manufacturing process.

Nvidia and Apple Strengthen TSMC’s Position

TSMC has become one of the largest beneficiaries of the AI investment cycle through its role as a major supplier to Nvidia, one of the leading developers of AI computing technology. The company is also a key supplier to Apple, giving TSMC exposure to both AI infrastructure and the broader high-end technology ecosystem.

The scale of that position is reflected in TSMC’s valuation. The company’s market capitalization is approximately $2 trillion, according to the Reuters report, making it Asia’s most valuable company and nearly twice the size of South Korean rival Samsung Electronics by market value.

Results Will Test the AI Investment Cycle

TSMC’s earnings call is scheduled for Thursday at 0600 GMT, giving investors additional insight into demand for advanced manufacturing capacity and packaging. Beyond the headline earnings figure, market participants will be watching management commentary for indications of whether current AI-related demand remains broad and durable.

For global investors, the results could provide an important read-through for semiconductor manufacturers, chip designers and technology companies exposed to AI infrastructure spending. The key issue will be whether record demand can continue supporting elevated investment across the technology supply chain. TSMC’s ability to maintain capacity growth alongside strong customer demand will remain central to expectations for the company and the broader semiconductor sector in the quarters ahead.