TSMC's third-quarter profit predicted to soar 40% amid booming AI chip demand
- Taiwan Semiconductor Manufacturing Co. Is expected to report a 40 percent increase in third-quarter profit due to rising demand for advanced AI chips.
- TSMC's net profit is projected to be $9.27 billion for the quarter ending September 30, based on LSEG SmartEstimates.
- Major clients like Apple and Nvidia are launching new products relying on TSMC’s advanced technologies, according to Li Fang-kuo, chairman of President Capital Management.
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Leaning Left2Leaning Right1Center1Last UpdatedBias Distribution50% Left
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C 25%
R 25%
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