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Taiwan Semiconductor Manufacturing Company reported its highest quarterly profit, fuelled by the artificial intelligence boom.
The Taiwanese chipmaker on Thursday reported NT$452.3bn ($14.8bn) in net earnings for the third quarter, a 39.1 per cent jump year-on-year, along with a 6 per cent rise in revenues on the previous quarter to NT$989.9bn.
Shares in the world’s largest chipmaker have gained over 40 per cent in the past 12 months as a result of soaring demand for high-performance semiconductors, as companies race to build infrastructure for artificial intelligence data centres.
This is a developing story
