TSMC Q3 profit rises 54%, better than forecasts
Taiwan
TAIPEI : Taiwanese chipmaker TSMC posted a 54 per cent rise in third-quarter net profit on Thursday that beat market expectations as it continues to reap the rewards of surging demand for semiconductors used in artificial intelligence applications. Taiwan Semiconductor Manufacturing Co Ltd (TSMC), the world's largest contract chipmaker and a major Apple and Nvidia supplier, saw July-September net profit rise to T$325.3 billion ($10.11 billion) from T$211 billion a year earlier. The profit beat
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