TSMC Reports Record Q3 Profit Driven by AI Chip Demand
Financial MarketsTSMCUpdated 3 hours ago

TSMC Reports Record Q3 Profit Driven by AI Chip Demand

TSMC has achieved a record profit increase of 39.1% in Q3, exceeding expectations. This growth is largely attributed to the rising demand for AI chips and data centers, underscoring TSMC's crucial role in the semiconductor industry. The company's strong performance has generated optimism among investors and analysts about its future prospects in the tech sector.

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