TSMC posts sixth straight record quarter, but shares slip in AI chip selloff

TSMC's third-quarter net income rose 68.7% to NT$763.1 billion (about $23.6 billion), beating LSEG estimates of NT$746.3 billion, on revenue of NT$1.49 trillion, up 51%. Gross margin eased to 66.4% as the 2nm ramp weighed. The chipmaker guided fourth-quarter revenue to $52.3 billion to $54.3 billion and said it is weighing more U.S. capacity in Texas, possibly alongside Elon Musk's planned Terafab. Taiwan-listed shares still closed about 2% lower as a broader selloff in AI chip stocks continued.