TSMC Q3 profit rises 54%, better than forecasts
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Taiwan Semiconductor Manufacturing Co (TSMC) reported a 54% increase in Q3 net profit, reaching T$ 181.3 billion, surpassing market expectations. The surge is attributed to high demand for semiconductors in AI applications. This profit exceeded the T$ 171.2 billion forecast from analysts, highlighting TSMC's strong position as a leading chip supplier for major companies like Apple and Nvidia.
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