TAIPEI (Taiwan News) — TSMC's profits this year are expected to reach a record high due to massive orders for chips from Apple and Nvidia.

Their orders combined are expected to account for over 40% of TSMC’s revenue this year, Digitimes reported. The company’s profits for the first three quarters have already surpassed NT$1.2 trillion (US$39 billion), which is more than the company's total earnings for 2024.

In 2026, Nvidia plans to greatly expand production of the 3 nm Rubin platform chips for cutting-edge AI technologies. The first Rubin chips are expected to be launched next summer, with order volume expected to increase steadily in subsequent quarters.

Apple is also making substantial orders for 2 nm wafer-level multi-chip modules that will power its next generation of MacBooks and mobile devices. Riding on the success of the iPhone 17 series, the iPhone 18 will be the first to utilize the 2 nm WMCM packaging technology, which comes with substantially higher foundry fees than the previously used wafer packaging system.

The two major tech clients have been dubbed “twin profit engines” for TSMC. Analysts suggest that if market trends remain steady, TSMC can expect further record-breaking annual profits in 2026 and 2027, per Digitimes.

The report on TSMC’s expected profits came after the company’s stocks reached an intraday high for trades on the Taiwan Stock Exchange on Thursday.