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The Independent UK
The Independent UK
World
Chan Ho-Him

Taiwanese chipmaker TSMC sees nearly 40% jump in its net profit thanks to the AI boom

Taiwan’s leading computer chip maker, TSMC, said Thursday that its net profit surged nearly 40% in the last quarter, boosted by the surge in use of artificial intelligence.

Taiwan Semiconductor Manufacturing Corp. is the world’s biggest semiconductor manufacturer. It reported a net profit of a record 452.3 billion new Taiwan dollars ($15 billion) in the July-September quarter, higher than analysts’ forecasts.

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