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Taiwanese chipmaker TSMC sees nearly 40% jump in its net profit thanks to the AI boom

By Yahoo! Finance   |   1 month ago
Taiwanese chipmaker TSMC sees nearly 40% jump in its net profit thanks to the AI boom

Taiwan's TSMC reported a 40% increase in net profit in the last quarter due to the rise in artificial intelligence use. The semiconductor giant's revenue surged 30% year-on-year, with plans to expand chip fabrication plants in the U.S.

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