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International Business Times
International Business Times
Business

AI Boom Delivers Record Net Profit For Taiwan's TSMC

Taiwan Semiconductor Manufacturing Company (TSMC) has been a massive beneficiary of the frenzy in AI investment (Credit: AFP)

Taiwanese tech titan TSMC reported Thursday a forecast-busting record net profit for the third quarter on skyrocketing demand for microchips used to power iPhones and artificial intelligence.

Taiwan Semiconductor Manufacturing Company, the world's largest contract chipmaker, has been a massive beneficiary of the frenzy in AI investment.

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