Taiwanese chipmaker TSMC reported a 54% increase in net profit for the third quarter, surpassing market expectations as it benefits from the growing demand for semiconductors used in artificial intelligence applications.
For the period from July to September, Taiwan Semiconductor Manufacturing Co Ltd (TSMC), the world’s largest contract chipmaker and a key supplier to Apple and Nvidia, recorded a net profit of T$325.3 billion ($10.11 billion), up from T$211 billion the previous year.
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