Nvidia Supplier TSMC Reports Q3 Revenue, Earnings Beat Amid Rising Demand For AI Chips - Taiwan Semiconductor (NYSE:TSM)
- TSMC reported a net profit of 352.3 billion Taiwanese dollars for Q3, up 54.2 percent from last year.
- The company recorded revenues of $23.5bn, a 36 percent increase year-on-year.
- TSMC forecasts nearly 30 percent full-year revenue growth, driven by strong demand for smartphones and AI technologies, according to chairman CC Wei.
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Leaning Left4Leaning Right1Center3Last UpdatedBias Distribution50% Left
Bias Distribution
- 50% of the sources lean Left
50% Left
L 50%
C 37%
13%
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