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TSMC Beats Expectations, Raises Revenue Outlook | Bloomberg Tech 10/16/2025

Bloomberg Technology•Thursday, October 16, 2025 at 8:26:38 PM
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TSMC Beats Expectations, Raises Revenue Outlook | Bloomberg Tech 10/16/2025
TSMC has reported third-quarter results that exceeded expectations, driven by robust demand for AI technologies, which is a positive sign for the tech industry. This news is significant as it highlights the growing importance of AI in driving revenue for major companies. Meanwhile, China has introduced export controls on its rare-earth supply chain, leading to global concerns and pushback. Additionally, the departure of a key figure from Apple's AI search initiative raises questions about the company's future in this competitive space.
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