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Cryptopolitan 2024-04-18 13:10:28

TSMC’s Q1 Profit Surpasses Forecasts Due to Increased AI Demand

TSMC (Taiwan Semiconductor Manufacturing Corporation) reported profits for the first quarter of fiscal year 2024. The profit exceeded what was expected due to the increased demand of semiconductors as a result of the artificial intelligence industry’s massive growth. The estimated income forecast by Reuters was T$218.1 ($6.7 billion) for the first quarter of 2024, but

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