Taiwan plans to raise billions of dollars to develop industrial parks in the US that would build a base for a comprehensive supply chain for Nvidia Corp. and other AI hardware makers.
TSMC posted third-quarter net profit of 763.06 billion Taiwan dollars, a record high for a sixth consecutive quarter, driven by surging demand for AI chips.
TSMC's margins fell from the previous quarter due to costs tied to the early ramp-up of its 2-nanometer process, splitting top-line growth from profitability.
TSMC posted third-quarter net profit of 763.06 billion Taiwan dollars, up 68.7% from a year earlier, and revenue rose 50.9% to 1.49424 trillion Taiwan dollars, according to Seoul Economic Daily.
