Live news: TSMC profits jump 54% as AI boom accelerates

Oct 16, 2024 · Taiwan Semiconductor Manufacturing Co reported a 54 per cent jump in net profit for the third quarter on Thursday as a chip boom driven by demand for artificial intelligence …

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Live News: TSMC Profits Jump 54% As AI Boom Accelerates

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Oct 16, 2024 · Taiwan Semiconductor Manufacturing Co reported a 54 per cent jump in net profit for the third quarter on Thursday as a chip boom driven by demand for artificial intelligence …

ft.com

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TSMC Profits Jump 54% On Back Of AI Chip Boom - Financial Times

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Oct 17, 2024 · The bullish guidance came as the Taiwan-based company reported a 54 per cent year-on-year jump in net profit to NT$325.3bn (US$10.1bn) for the third quarter, exceeding its …

ft.com

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TSMC Posts Record Profit As AI Boom Continues — Update

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Oct 17, 2024 · Global News Select; TSMC Posts Record Profit as AI Boom Continues — Update ... The world's largest contract chip maker said Thursday that quarterly net profit surged 54% …

morningstar.com

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TSMC Bullish On Outlook As AI Boom Blows Q3 Profit Past Forecasts

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Oct 16, 2024 · The AI boom has helped drive up TSMC shares, with its Taipei-listed stock leaping 75% so far this year, compared with a 28% gain for the broader market , opens new tab, giving the company a market ...

reuters.com

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TSMC AI Chip Demand Drives 54% Profit Surge, Global Growth In Q3

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Oct 17, 2024 · Taiwanese Semiconductor Manufacturing Company (TSMC) saw a remarkable 54% increase in profit for Q3, 2024. According to CNBC, this surge is due to the increased …

techresearchonline.com

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Taiwanese Chipmaker TSMC Posts 57% Surge In Profit Thanks To …

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6 hours ago · HONG KONG (AP) — Taiwan computer chip maker TSMC reported Thursday that its profit in the last quarter rose 57%, buoyed by the artificial intelligence boom. The world’s …

apnews.com

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TSMC Beats Forecasts With 54% Surge In Profits On Soaring AI …

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Oct 17, 2024 · The Hsinchu headquartered company said its net income increased by 54.2% year-over-year, to NT$325.3 billion ($10.2 billion), in what saw the chipmaker outstrip analysts’ …

marketwatch.com

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Taiwanese Chipmaker TSMC Posts 57% Surge In Profit Thanks To …

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6 hours ago · HONG KONG -- Taiwan computer chip maker TSMC reported Thursday that its profit in the last quarter rose 57%, buoyed by the artificial intelligence boom. The world’s …

go.com

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TSMC Third-quarter Profit Beats Expectations As AI Boom Drives …

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Oct 17, 2024 · TSMC is the world’s largest producer of advanced chips, serving clients such as Apple and Nvidia. Net revenue came in at $23.5 billion in the third quarter, up 36% year-on …

thegbm.com

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TSMC’s Third-quarter Profit Jumps 54% On AI Boom - The Irish Times

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Oct 17, 2024 · The AI boom has helped drive up TSMC shares, with its Taipei-listed stock leaping 75 per cent so far this year, compared with a 28 per cent gain for the broader market, giving it …

irishtimes.com

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TSMC Shines With 54% Profit Surge Amid AI Demand Boom

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Oct 17, 2024 · This surge reflects the growing demand for AI technology across industries, significantly boosting TSMC's financial results. Boasting a net profit of T$325.3 billion ($10.11 …

devdiscourse.com

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Nvidia And Apple Supplier TSMC Shares Pop After Quarterly Profit …

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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 54.3% in the same period of last …

msn.com

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TSMC Bullish On Outlook As AI Boom Blows 3Q Profit Past Forecasts

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Oct 17, 2024 · TSMC, the world's largest contract chipmaker, bet on sustaining its strong growth, after reporting on Thursday a forecast-beating 54% jump in quarterly profit driven by soaring …

theedgemalaysia.com

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TSMC Q4 Profit Leaps To Record On Strong Demand For AI Chips

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19 hours ago · The AI boom has helped drive up the price of shares in Asia's most valuable company, with TSMC's Taipei-listed stock soaring 81% last year, compared with a 28.5% gain …

reuters.com

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TSMC Posts Record Quarterly Profit Amid AI Boom - Morningstar

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Oct 17, 2024 · The world's largest contract chip maker said Thursday that quarterly net profit was 325.26 billion New Taiwan dollars, equivalent to US$10.10 billion, compared with NT$211.00 …

morningstar.com

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TSMC Bullish On Outlook As AI Boom Blows Q3 Profit Past Forecasts

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Oct 17, 2024 · Capital expenditure in the third quarter was $6.4 billion, TSMC said, compared with $6.36 billion in the second quarter. The AI boom has helped drive up TSMC shares, with its …

tradingview.com

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TSMC Fourth-Quarter Profit Seen Jumping 58% On Strong AI

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3 days ago · The AI boom has helped drive up the price of shares in Asia's most valuable company, with TSMC's Taipei-listed stock soaring 81% last year, compared with a 28.5% gain …

usnews.com

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TSMC Posts Q4 Revenue Beating Estimates On AI Boom

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6 days ago · Taiwan Semiconductor Manufacturing Co. posted fourth-quarter revenue that beat Wall Street estimates and a 34% jump in 2024 sales, as the company keeps gaining from the …

investopedia.com

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TSMC Fourth-quarter Profit Seen Jumping 58% On Strong AI Chip …

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3 days ago · The AI boom has helped drive up the price of shares in Asia's most valuable company, with TSMC's Taipei-listed stock soaring 81% last year, compared with a 28.5% gain …

reuters.com

FAQs about Live news: TSMC profits jump 54% as AI boom accelerates Coupon?

How did TSMC perform in the last quarter?

(AP Photo/Chiang Ying-ying, File) HONG KONG (AP) — Taiwan computer chip maker TSMC reported Thursday that its profit in the last quarter rose 57%, buoyed by the artificial intelligence boom. The world’s biggest semiconductor manufacturer reported a net profit of 374.7 billion new Taiwan dollars ($11.4 billion), higher than expected. ...

How has AI impacted TSMC stock?

The AI boom has helped drive up TSMC shares, with its Taipei-listed stock leaping 75 per cent so far this year, compared with a 28 per cent gain for the broader market, giving it a market capitalisation of around $840 billion. ...

Why did Taiwan Semiconductor Manufacturing (TSMC) report a strong third quarter profit?

Taiwan Semiconductor Manufacturing Company (TSMC) reports a stronger-than-expected third quarter profit, fueled by a booming AI sector and 54 per cent growth in revenue. ...

Is TSMC still a strong chipmaker?

TSMC, the world's largest contract chipmaker, bet on sustaining its strong growth, after reporting on Thursday a forecast-beating 54% jump in quarterly profit driven by soaring demand for chips used in artificial intelligence (AI). ...

How has AI impacted TSMC's revenue?

This increase from high tech companies working in fields including AI offset a 16% slump in revenue from smartphone makers, who in accounting for 38% of TSMC’s revenue in the first quarter, count as the company’s second largest source of revenue. ...

Did TSMC make a 54% increase in third-quarter profit?

An image of a semiconductor wafer at the Taiwan Semiconductor Manufacturing Museum of Innovation in Hsinchu, Taiwan, on Jan. 11, 2022. TSMC, the world’s largest producer of advanced chips, posted a 54% hike in third-quarter profit. ...