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The Independent UK
The Independent UK
National
Via AP news wire

Taiwanese chipmaker TSMC posts 57% surge in profit thanks to the AI boom

Taiwan TSMC - (Copyright 2021 The Associated Press. All rights reserved.)

Taiwan computer chip maker TSMC reported Thursday that its profit in the last quarter rose 57%, buoyed by the artificial intelligence boom.

The world’s biggest semiconductor manufacturer reported a net profit of 374.7 billion new Taiwan dollars ($11.4 billion), higher than expected.

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