ΤSMC reported a 54% Q3 profit increase, driven by AI sector demand and iPhone chip sales.

Taiwan Semiconductor Manufacturing Company (TSMC) reported a 54% increase in third-quarter profit, surpassing expectations. This surge is attributed to strong demand driven by the AI sector and increased iPhone chip sales. The results highlight TSMC's pivotal role in the tech industry, particularly amid the ongoing AI boom.

October 16, 2024
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