TSMC reports $23.5B Q3 revenue, 10% stock increase, and predicts 25% growth in 2025.

Taiwan Semiconductor Manufacturing Company (TSMC) experienced a 10% stock increase after reporting Q3 revenue of $23.5 billion, a 36% year-over-year rise. The company is set to launch 2nm chips in 2025 and anticipates a 50% annual growth in AI chip sales for the next five years. Despite high valuations, analysts predict a 25% growth in 2025, reinforcing TSMC's strong long-term investment potential.

October 26, 2024
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