Taiwan Semiconductor Manufacturing Company reported record third-quarter profit on Thursday, beating analyst estimates as demand for advanced chips used in artificial-intelligence systems accelerated. The company lifted its full-year revenue guidance.

TSMC, the world's largest contract chipmaker, manufactures the most advanced processors for clients including Nvidia, Apple and AMD. Its results serve as a closely watched barometer for the global technology sector, following ASML's record quarter reported earlier in the week.

Revenue from TSMC's most advanced nodes, including 3-nanometre and 5-nanometre production, drove the gains. High-performance computing has overtaken smartphones as the company's largest segment, with sustained orders from AI data-centre customers serving as the primary engine of growth, executives said.

The strong report is likely to reinforce bullish sentiment across semiconductor equities and support the broader rally in AI-linked stocks. TSMC chairman C.C. Wei is expected to reiterate the company's aggressive capital-expenditure plans for advanced capacity during the earnings call.

The results arrived alongside the US Consumer Price Index release and a wave of US corporate earnings, placing TSMC's numbers at the centre of a pivotal day for global markets.