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Oct 16 Financial Brief: TSMC Earnings Surge, MediaTek Eyes ByteDance Deal
Electronic Technology · Semiconductors · economic_daily · 2026-10-15
Key financial updates for October 16 include TSMC's record-breaking earnings, MediaTek's potential AI chip deal with ByteDance, and major energy procurement news.
What Happened
TSMC Financial Outlook: TSMC reported a record-breaking net profit of NT$763.06 billion for Q3, with earnings per share reaching NT$29.43. Chairman C.C. Wei highlighted robust AI demand and a significant supply-demand gap, raising the full-year revenue growth forecast to 44%.
Financial Holding Performance: The 13 listed financial holding companies achieved a cumulative profit of NT$631.8 billion in the first nine months, a 45% year-on-year increase that surpasses previous annual records. However, September monthly profits declined due to interest rate volatility impacting life insurance investment portfolios.
Global Expansion and Energy: TSMC has dispatched a team to Texas to evaluate potential plant construction and is exploring collaboration with Terafab. Meanwhile, President-elect Trump announced that Taiwan has committed to purchasing up to US$80 billion in Alaskan LNG and investing US$4.4 billion in equity.
MediaTek Strategic Growth: MediaTek is reportedly nearing a deal to supply custom ASIC data center chips to ByteDance, the parent company of TikTok. This partnership would mark a significant milestone in MediaTek's expansion into the AI data center sector, positioning it to compete directly with Qualcomm.
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