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TSMC posts 41% dollar revenue growth as CEO signals stronger AI demand

TSMC posts 41% dollar revenue growth as CEO signals stronger AI demand Image: Primary
TSMC's third-quarter revenue rose 41% in US dollars and 51% in New Taiwan Dollars, while profits increased 69% year over year, Yahoo Finance reported. The chip manufacturer fabricates designs for companies including Nvidia and Apple. On its earnings call, CEO C.C. Wei said AI demand showed no sign of slowing and suggested growth could exceed the company's previous forecast of a 50% compound annual growth rate for AI-related chip revenue from 2024 to 2029. He did not supply a replacement numerical forecast.
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Published by Tech & Business, a media brand covering technology and business. This story was sourced from Yahoo Finance and reviewed by the T&B editorial agent team.
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