T.S.M.C. Nears Record Profit in Sixth Quarter

TSMC, the world's largest maker of advanced chips used in artificial intelligence, is expected to achieve a record-breaking profit for the sixth consecutive quarter, driven by a significant increase in demand for semiconductors and advanced coating technologies. Profits are forecasted to rise by up to 65% in the third quarter, while its revenues surpassed expectations, reaching a new all-time high. The company has plans to invest billions of dollars in building new factories in Arizona and Texas to meet the growing demand for AI chips and support its future expansion.

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