TSMC Posts Record Q3 Revenue on AI Demand
TSMC reported record third-quarter revenue of 1.49 trillion Taiwan dollars, beating market forecasts due to surging demand for artificial intelligence applications. The chipmaker saw revenue rise 50 percent from the previous year.
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TAIWAN SEMICONDUCTOR MANUFAC reported third-quarter revenue rose 50% to T$1.49 trillion ($46.71 billion), beating analyst forecasts. The record sales highlight surging global demand for artificial intelligence applications. Taiwan's dominant chipmaker exceeded the T$1.46 trillion consensus estimate compiled from 19 analysts.
