TSMC Beats Revenue Estimates as AI Chip Demand Offsets Smartphone Declines
- TSMC's Q3 revenue fell less than expected, beating estimates
- Demand from AI companies helped offset smartphone and laptop chips declines
- Data centers driving AI are boosting demand for Nvidia, TSMC's big client
- TSMC is the main manufacturer of Nvidia's AI chips used for large data models
- TSMC's favorable exchange rate could further boost its profit margin
