TechBloomberg Tech1h ago
TSMC’s Third-Quarter Profit Beats Expectations
TL;DRTSMC's Q3 profits surged 69%, driven by AI chip demand from Nvidia and Apple.
Why it matters: TSMC's strength signals robust AI adoption and validates the chip shortage's end for premium semiconductors.
TSMC reported a better-than-expected profit for the third quarter as net income rose 69% to NT$763.1 billion ($23.6 billion). That came after the exclusive chipmaker of Nvidia and Apple’s most advanced semiconductors reported a sales jump of 51% in the period, taking its revenue…
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