TSMC reports record profits due to increased AI and high-performance computing chip demand.

Taiwan Semiconductor Manufacturing Co. (TSMC) reported record profits, with a 54% increase in Q3, fueled by strong demand for artificial intelligence (AI) and high-performance computing chips. The company anticipates sustained AI demand, projecting a more than threefold increase in chip demand by 2024 compared to 2021. This trend has contributed to TSMC's record-breaking financial performance.

October 16, 2024
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