TSMC profits surge driven by strong AI-related demand
Publisher |
BBC
Media Type |
audio
Podknife tags |
Business
News & Politics
Categories Via RSS |
Business
News
Publication Date |
Oct 17, 2024
Episode Duration |
00:26:26

Taiwan Semiconductor Manufacturing Co. (TSMC) reports a 54% increase in Q3 net profit. The company estimated its capital spending in the current quarte would more than double to around $11.5 billion and that the budget was likely to increase further next year, as it expects healthy demand for its products.

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