TSMC posts record quarter results as skyrocketing AI and HPC demand drives two-thirds of revenue — company pulls in $33.1 billion

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TSMC on Thursday reported revenue of $33.10 billion, marking its best quarter ever. The record earnings were driven by booming sales of AI processors and infrastructure — which now command nearly two-thirds of the company’s sales — as well as ramp-up of Apple’s latest N3P-based processors for smartphones and PCs. The company expects AI drive to continue in the foreseeable future and forecasts further revenue growth in the final quarter of the year.

TSMC’s third quarter revenue topped $33.1 billion…



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TSMC posts record quarter results as skyrocketing AI and HPC demand drives two-thirds of revenue — company pulls in $33.1 billion


TSMC on Thursday reported revenue of $33.10 billion, marking its best quarter ever. The record earnings were driven by booming sales of AI processors and infrastructure — which now command nearly two-thirds of the company’s sales — as well as ramp-up of Apple’s latest N3P-based processors for smartphones and PCs. The company expects AI drive to continue in the foreseeable future and forecasts further revenue growth in the final quarter of the year.

TSMC’s third quarter revenue topped $33.1 billion…



Source link

Disclaimer

We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.

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