TSMC, the world’s largest producer of advanced chips, posted a 54% hike in third-quarter profit.
TSMC's net income was 352.3 billion Taiwanese dollars over the July-September quarter, surpassing an LSEG estimate of $300.2 billion Taiwanese dollars.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 over the July-September quarter, surpassing an LSEG estimate of $300.2 billion Taiwanese dollars cited by Reuters.Net revenue came in at $23.5 billion in the third quarter, up 36% year-on-year, with TSMC's gross margin rising to 57.8% over July-September, compared with 54.
Capital expenditure edged higher to $6.4 billion in the third quarter, versus $6.36 billion across the three preceding months.A tough new EU cyber law is off to a messy start, with many countries failing to adopt the rulesStanley Druckenmiller says he's 'licking my wounds' from selling Nvidia too soon
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