International Companies

AI boom fuels earnings surge at TSMC

By Abigail Townsend

Date: Thursday 17 Oct 2024

(Sharecast News) - Shares in Taiwan Semiconductor Manufacturing Co rallied on Thursday, after the Taiwanese giant posted a forecast-beating 54% surge in earnings, fuelled by the boom in artificial intelligence.
The Taipei-based company said third-quarter consolidated revenues rose 39% year-on-year, to 759.7bn new Taiwanese dollars (£18.2bn)

Net income and diluted...

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