Maybe the AI boom isn't petering out after all. The news Taiwan Semiconductor Manufacturing Company on Thursday reported strong third-quarter results fueled, in part, by artificial intelligence processors. Per-share profit at the world's largest third-party chip producer jumped 54% from the year-ago period. Sales rose 36%. TSMC shares that trade in the U.S. soared 12.
TSMC headquarters in Hsinchu, Taiwan. The semiconductor manufacturer's products lie at the heart of everything from automobiles to smartphones.
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