TLDR Tech / News
TSMC Achieves Record Profit for Sixth Quarter, Fueled by AI Demand
Taiwan Semiconductor Manufacturing Co. reported its sixth consecutive quarter of record profits, exceeding analyst predictions due to high demand for artificial intelligence chips. The company announced a net profit of NT$763.1 billion, a 68.7% increase year-over-year, and provided a positive revenue forecast for the fourth quarter. TSMC also highlighted that its most advanced technologies, including 3-nanometer chips, constituted the largest portion of its revenue in the quarter.
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