TSMC profit surges 39% to beat estimates and hit record on AI demand
Growth in TSMC’s most advanced chips particularly drove revenue gains in the third quarter, according to Counterpoint Research senior analyst William Li.
“TSMC’s robust earnings are a direct reflection of the strong traction at 3nm as well as high utilization at 4/5nm – both of which are being driven by ongoing orders from AI GPU and HPC customers and premium smartphone platforms,” Li told CNBC in a statement.
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