TSMC isn't stopping. And thanks to Trump, things could get even better.

This increase is in line with analysts' expectations, who expected a 25% increase in Taiwan Semiconductor Manufacturing's (TSMC) revenue in the third quarter.

As reported by Bloomberg, despite the unfavorable trend of a stronger Taiwanese dollar, TSMC is recording an impressive growth rate this year – 38% compared to the results of the January-July 2024 period – and is working to close the gap between supply and growing demand.

TSMC shares skyrocket after TSMC was exempted from chip tariffs

TSMC's shares listed on the Taipei Stock Exchange hit a record high on Thursday after the Trump administration announced new tariffs on chips that would exempt TSMC from investing in U.S. production.

- TSMC, a leading Taiwanese chip manufacturer, will be exempt from 100% tariffs on these components announced by the administration of US President Donald Trump, Liu Chin-ching, director of the National Development Council of Taiwan, said on Thursday, as quoted by PAP.

At the same time, the government representative noted that other Taiwanese semiconductor companies could be affected by the new burden . The authorities announced they would monitor the situation and prepare short- and medium-term support measures for the industry.

Trump announced on Wednesday the imposition of 100 percent tariffs on imports of semiconductors and chips into the United States . He added that companies producing in the US would be exempt from the tariffs.

TSMC also supplies semiconductors to smartphone manufacturers.

"Besides its leadership as a major supplier of artificial intelligence chips, TSMC continues to have a significant business supplying semiconductors for smartphones, and this sector is gradually recovering this year," Sony Group said after announcing its financial results on Thursday.

Apple also reported its fastest quarterly revenue growth in more than three years , thanks to strong demand in China, and said its sales in the current quarter will grow by mid- to high-single digits year-over-year.

As PAP points out, in March of this year, TSMC, as part of a strategy to protect its market position and in response to Washington's earlier announcements regarding the semiconductor sector, announced a $100 billion investment in building factories in the US . Concentrating chip production in Taiwan, referred to as the "silicon shield," plays a key role in the island's security strategies.

Taiwan, for its part, has also pledged to increase purchases of American energy products and raise defense spending to avoid potential additional tariffs. Last week, Trump announced the imposition of 20 percent tariffs on Taiwanese exports to the US. However, President Lai Ching-te has announced further negotiations with Washington to reduce the tariffs.