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TSMC reports sixth straight quarter of record profit thanks to AI boom
TAIPEI: TSMC, the world’s largest manufacturer of advanced AI chips, reported a sixth consecutive quarter of record earnings on Thursday, driven by booming infrastructure spending in the tech sector. Analysts say demand for Taiwan Semiconductor Manufacturing Co’s (TSMC) AI chipmaking capacity, as well as its advanced chip packaging technology, CoWoS, remains strong. That has catapulted Asia’s most valuable company, a key supplier to Nvidia and Apple, to new heights. Its market capitalisation is almost double that of South Korean rival Samsung Electronics at around $2 trillion. TSMC said net pr...
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