TSMC reported a record third-quarter net profit of NT$763.1 billion ($23.59 billion), surging 69% year-on-year driven by soaring global demand for artificial intelligence processors. The world's largest contract chipmaker exceeded institutional expectations of NT$746.3 billion, underscoring the sustained momentum in AI semiconductor manufacturing. The results highlight TSMC's critical role in the AI supply chain as tech companies continue to scale infrastructure buildouts. The earnings beat confirms that processor demand remains robust, reinforcing the foundry's position as the primary beneficiary of the current hardware cycle.