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Taiwan Semiconductor Manufacturing Company Ltd. (NYSE:TSMC) announced quarterly results that came in ahead of forecasts, thanks to strong demand for advanced processor node technologies used in artificial intelligence applications. The foundry supplies chips to most global corporations including Nvidia Corp. (NASDAQ:NVDA) and Apple, Inc. (NASDAQ:AAPL).
TSMC’s Key Q3 Metrics: Hsinchu, Taiwan-based TSMC reported consolidated third-quarter revenue of NT$759.69 billion ($23.50 billion), up 39% year-over-year. Sequentially, the top line expanded by 12.8%. In dollar terms, the revenue growth was 36% year-over-year and ...
