Taiwan Semiconductor outpaces Intel in artificial intelligence chip demand

TSMC reported revenue of $46.7 billion in the third quarter of 2026, a 41.2% rise compared to the same period last year. The Taiwanese chipmaker has become central to the artificial intelligence industry. AI and high-performance computing now make up 68% of its sales, up from 57% a year earlier. TSMC controls 70.4% of the global foundry market and earns profit margins above 60%. The company only manufactures chips for other businesses, which has proved a strong model during the AI boom. Intel, by contrast, both designs and makes its own chips and also offers manufacturing to outside customers. Intel is currently working to recover after several difficult years against stronger competitors.