TSMC’s CEO sees no sign of a slowdown as chip foundry reports record profit

What happened: TSMC reported record third-quarter net profit, and its CEO said there is no sign of a slowdown in the chip foundry business. Key numbers: Third-quarter net profit of 763.34 Taiwanese new dollars, a record. Why it matters: The record profit and the CEO's comment on demand suggest the foundry business is still growing, which matters for chip investors watching for a downturn.

TSMC reported record third-quarter net profit, and its CEO said there is no sign of a slowdown in the chip foundry business.

The record profit and the CEO's comment on demand suggest the foundry business is still growing, which matters for chip investors watching for a downturn.