Profit defeats assumptions as AI increase drives 54% trek

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An photograph of a semiconductor wafer on the Taiwan Semiconductor Manufacturing Museum of Innovation in Hsinchu, Taiwan, onJan 11, 2022.

I-Hwa Cheng|Bloomberg|Getty Images

Taiwan Semiconductor Manufacturing Company on Thursday reported a 54% stroll in internet income, as worldwide chipmakers stay to make the most of want improved by AI functions.

The agency’s earnings was 352.3 billion Taiwanese bucks ($ 10.1 billion) over the July-September quarter, exceeding an LSEG worth quote of $300.2 billion Taiwanese bucks talked about by Reuters.

TSMC is the globe’s greatest producer of revolutionary chips, providing prospects similar to Apple and Nvidia.

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