Technology
geneva_convenience
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4d ago
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96%
TSMC posts forecast-beating profit amid soaring demand for AI chips
www.aljazeera.comTaiwan Semiconductor Manufacturing Company has announced a forecast-busting quarterly profit amid surging demand for chips used to power artificial intelligence.
TSMC, the world’s largest contract chipmaker, reported a net profit of 352.3 billion Taiwanese dollars ($10.1bn) for the third quarter, up 54.2 percent from the same period last year.
The figure marked the firm’s best-ever quarterly performance and was comfortably ahead of market estimates.
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