Categories: World News

Revenue beats expectations as AI growth drives 54% hike

An image of a semiconductor wafer at the Taiwan Semiconductor Manufacturing Museum of Innovation in Hsinchu, Taiwan, on Jan. 11, 2022.

I-Hwa Cheng | Bloomberg | Getty Images

Taiwan Semiconductor Manufacturing Company on Thursday reported a 54% hike in net profit, as global chipmakers continue to benefit from demand boosted by AI applications.

The company’s net income was 352.3 billion Taiwanese dollars ($10.1 billion) over the July-September quarter, surpassing an LSEG estimate of $300.2 billion Taiwanese dollars cited by Reuters.

TSMC is the world’s largest producer of advanced chips, serving clients such as Apple and Nvidia.

This breaking news story is being updated.

Greg Abbott

Greg Abbott has been a well-reviewed and sought after Author and Political Writer for 20+ years by his peers, Editors, and Publishers. Greg is an exceptionally proficient as a long form Author, Ghost Writer, as well as an online blogger. Abbott is well known Internationally as an authority in United States public policy and American Politics.

Recent Posts

Eli Lilly shares slide after bearish analyst name – this is our take

Shares of Eli Lilly fell 6% on Tuesday and are on track for their worst…

1 day ago

In a disastrous press convention, Trump exhibits how he misplaced the Iran warfare

The White House described Trump's press conference with Vice President JD Vance as evidence that…

2 days ago

Oscars 2026 after-parties: celeb photographs, style

The 2026 Oscars may be over, but film's biggest night continues. After One Battle After…

3 days ago

Hegseth dismisses issues concerning the Strait of Hormuz in gentle of the Iran battle

Defense Secretary Pete Hegseth brushed aside concerns Friday that the actual closure of the Strait…

4 days ago

Die Zölle der US-Bundesstaaten steigen, da Trump während der Halbzeitwahlen mit einem Kampf um die Erschwinglichkeit konfrontiert ist

Eine neue Analyse der US-Volkszählungsdaten zeigt, dass Bundesstaaten in den USA, in denen in diesem…

5 days ago

The Vertex kidney drug povetacicept is profitable within the examine for IgAN

A sign hangs in front of the world headquarters of Vertex Pharmaceuticals in Boston.Brian Snyder…

6 days ago

This website uses cookies.