Opinion: The Most Important Number in Taiwan Semiconductor's Earnings Report Was 68%

Taiwan Semiconductor Manufacturing (TSMC) reported strong Q3 results with 41.2% revenue growth and 68.7% net income increase. The key highlight is that high-performance computing (HPC) now accounts for 68% of quarterly revenue and is growing faster than overall business at 22% sequentially. This reflects strong AI infrastructure demand, with advanced manufacturing processes (7nm and smaller) representing 79% of wafer revenue, positioning TSMC as a critical beneficiary of ongoing AI investment.