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TSMC posts record quarterly profit, up 69%, on AI chip demand
Taiwan Semiconductor Manufacturing Co. reported a 69% jump in third-quarter net profit on Thursday, a record that beat forecasts, driven by soaring demand for its AI processors, Reuters reports. AP reports revenue of $46.72 billion, above analysts' estimate of $45.62 billion.
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Sources
- Reuters via StreetInsider: TSMC Q3 profit jumps 69% to record
- AP via Yahoo Finance: TSMC Q3 earnings snapshot
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