TSMC Beats Estimates Amid Sustained AI Demand
TSMC posted quarterly profit that beat estimates. The main chipmaker for Nvidia Corp. and Apple Inc. reported a rise in net income for the June
TSMC posted quarterly profit that beat estimates. The main chipmaker for Nvidia Corp. and Apple Inc. reported a rise in net income for the June quarter to NT$706.6 billion ($22 billion), surpassing the average estimate of NT$623.7 billion.
The steady growth highlights the company's central role in producing the vast majority of the world’s most advanced chips for data centers and smartphones. Bloomberg's Stephen Engle reports. More on Bloomberg Television and Markets Like this video?
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