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TSMC profits surge driven by strong AI-related demand

Taiwan Semiconductor Manufacturing Co. (TSMC) reports a 54% increase in Q3 net profit.

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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26 minutes

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