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TSMC reports highest August revenue
Taiwan Semiconductor Manufacturing Company (TSMC) achieved record revenues in August, totaling 514.8 billion New Taiwan Dollars (approximately $16.3 billion USD), representing a year-over-year increase of 53.3% and a monthly rise of 10.1%. This growth is driven by strong demand for AI chips, with TSMC maintaining its dominant market share in contract manufacturing at 72.5% during the second quarter. The company’s profit segment grew by more than 77% year-over-year. Revenue forecasts for the third quarter range between $44.6 billion and $45.8 billion, reflecting ongoing momentum in the chip industry.
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