TSMC Reports 39% Profit Increase Amid AI Demand

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TSMC Reports 39% Profit Increase Amid AI Demand
Photo: Chiang Ying-ying/AP/TT

Data chip giant TSMC is still riding the AI wave and reports a profit increase of 39 percent.

The Taiwanese company, the ninth highest valued listed company in the world, made a quarterly profit of 500 billion Taiwanese dollars, equivalent to 155 billion kronor, which was stronger than the analysts' profit forecasts.

Revenues rose by 30 percent to 990 billion Taiwanese dollars.

TSMC is the world's largest manufacturer of data chips and has, among others, Nvidia and Apple as customers.

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By TTEnglish edition by Sweden Herald, adapted for our readers

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