AI boom delivers record net profit for Taiwan's TSMC

By Yahoo! Finance   |   1 month ago
AI boom delivers record net profit for Taiwan's TSMC

TSMC, the world's largest contract chipmaker, announced a record net profit in Q3 due to high demand for microchips for iPhones and AI. The company's success is driven by AI investments from clients like Nvidia and Apple, amid concerns about a financial bubble and trade tensions.

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