Technology · 52 minutes ago
TSMC Reports Record Profit as AI Chip Demand Soars
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Taiwan's TSMC, the world's biggest contract chipmaker, has reported a record quarterly profit for the sixth quarter running, up 68.7% on a year earlier and ahead of analysts' forecasts. The company says demand for chips used in artificial intelligence is still outpacing its supply. It expects fourth-quarter revenue of up to $54.3bn and plans much higher investment through 2028, even as wider tech shares tumble.
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