TSMC reports record profit in third quarter due to AI demand
The short version
- TSMC reported a record net profit in the third quarter.
- The profit increase was 68.7% compared to the same period last year.
- Demand for AI hardware is a key factor behind the surge in profits.
- TSMC beat financial estimates for the third quarter.
- The company is the world’s leading contract chipmaker.
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First reported by Euronews Taiwan chip giant TSMC says net profit hit record in third quarter
Financial Times TSMC profits surge amid relentless AI demand
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