U.S.-listed shares of TSMC rise 8% in premarket after quarterly profit soars on AI demand

KEY POINTS:
• TSMC's net income was 325.3 billion Taiwanese dollars ($10.1 billion) over the July-September quarter, surpassing an LSEG estimate of $300.2 billion Taiwanese dollars.
• Net revenue came in at $23.5 billion in the third quarter, up 36% year-on-year.
• TSMC is the world's largest producer of advanced chips, serving clients such as Apple and Nvidia.