TSMC reports sixth straight profit high

TSMC, the largest manufacturer of advanced AI chips, achieved record-breaking profits for the sixth consecutive quarter, with a net income of $23.59 billion from July to September, representing a 69% increase over the same period last year and surpassing expectations. The strong demand for advanced manufacturing techniques and chip packaging technologies has boosted the company's profits, which are valued at around one trillion dollars in the market. TSMC is a key supplier to both Nvidia and Apple. These results mark the company's highest quarterly profits to date and confirm its ongoing growth and leadership in the semiconductor market.

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