Nearly 40% jump in net profit: Chipmaker TSMC capitalises on AI boom

By Yahoo! Finance   |   1 month ago
Nearly 40% jump in net profit: Chipmaker TSMC capitalises on AI boom

TSMC's net profit increased by 39.1% in the last quarter, surpassing analysts' expectations due to a rise in AI usage. The company reported a record profit of 452.3 billion new Taiwan dollars, driven by strong demand for its cutting-edge technologies.

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