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TSMC posts record profit on robust AI chip demand

Original: TSMC posts record profit amid 'extremely robust demand' for AI chips

Taiwan Semiconductor Manufacturing Company reported record quarterly profit, which it attributed to extremely robust demand for the advanced chips used in artificial intelligence. The results underline how AI spending continues to drive growth across the semiconductor industry, with TSMC the main manufacturer for companies like Nvidia and Apple.

Why now: AI chip demand is one of the biggest drivers of global markets, and TSMC's record results confirm the boom is still accelerating.

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