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TSMC sees Q3 profit surge driven by AI boom and 54% revenue growth

Summary by WION
Taiwan Semiconductor Manufacturing, the world's largest manufacturer of advanced chips, Thursday posted a phenomenal 54 per cent jump in net profit for its third quarter, sending shares soaring nearly 10 per cent during trading. The chip giant, which counts some of the best-known names in the industry as high-profile clients, including Apple and Nvidia, has proved itself to be a critical beneficiary of the spiking demand for chips primarily driv…
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