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Taiwan Semiconductor Posts $23.59B Profit
Taiwan Semiconductor Manufacturing Company (TSMC) achieved a record-breaking sixth consecutive quarter, with net profit reaching $23.59 billion, a 69% increase compared to the previous year. This growth was driven by strong demand for AI chips and advanced packaging technologies. The company is the world’s largest manufacturer of advanced AI chips and is a key supplier to companies like Nvidia and Apple, with a market value of approximately two trillion dollars. These results represent the company's highest-ever quarterly profits and confirm the continued growth of the advanced chip manufacturing sector.
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