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TSMC revenue rises 41% as AI chip demand drives growth

1 week ago 10

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TSMC Museum of Innovation Exterior.Taiwan, TSMC is the world"s largest dedicated independent semiconductor foundry.

Taiwan Semiconductor Manufacturing (TSM) reported a 41.1% increase in third-quarter revenue on Thursday, beating estimates and forecasting fourth-quarter sales above market expectations as demand for advanced chips used in AI remains strong.

Though TSMC shares were down about 2% in premarket

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