Reported about 10 hours ago
Taiwan Semiconductor Manufacturing Co (TSMC) is projected to report a 40% jump in its third-quarter profits due to soaring demand for AI chips, with an expected net profit of T$298.2 billion ($9.27 billion) for the quarter ending September 30, compared to T$211 billion in the same period last year. Major clients like Apple, Nvidia, AMD, and Qualcomm are launching new products leveraging TSMC’s advanced technologies, significantly boosting the company's revenue and stock performance.
Source: YAHOO