TSMC, the world’s largest chips producer grows Q3 profits by 40% as AI chip demand continues to soar

The Taiwan Semiconductor Manufacturing Co. (TSMC) reported a 40% profit increase in the third quarter of 2024. The company’s impressive performance is due to an increased demand for its AI chips by companies like AMD, Nvidia, and Tesla. TSMC recorded a profit of over $9 billion in the third quarter of the financial year against

Source: Cryptopolitan