Taiwan Semiconductor Manufacturing Company (TSMC), the world’s largest semiconductor manufacturer, announced on Thursday a staggering 40% surge in net profit for the July-September quarter, fueled by the growing demand for artificial intelligence (AI) technologies. The company reported a record-breaking net profit of 452.3 billion new Taiwan dollars ($15 billion), surpassing analysts’ expectations. This remarkable performance follows a 30% year-on-year increase in revenue for the same period.
Taiwanese chipmaker TSMC sees nearly 40% jump in its net profit thanks to the AI boom
