TSMC's Record-Breaking Performance Fueled by AI Demand
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TSMC's Record-Breaking Performance Fueled by AI Demand
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TSMC's Record-Breaking Performance Fueled by AI Demand Taiwan Semiconductor Manufacturing Company (TSMC), the world's largest contract chipmaker, has reported unprecedented financial results, highlighting the escalating demand for artificial intelligence (AI) technologies. In the past quarter, TSMC achieved net sales of $26.3 billion, marking a year-on-year increase of over one-third and resulting in a profit of $11.4 billion. This remarkable growth is primarily attributed to the surge in high-performance computing, encompassing AI and 5G applications, with significant contributions from advanced chips utilized in Apple's iPhone 16.
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