TSMC's third quarter results revealed booming profits and rising demand for AI-related technologies, showing a strong growth trajectory with revenue at $23.5 billion, up 36% from last year.
The company dominates the market with about 90% control in advanced chip manufacturing, making its earnings a key indicator for the entire chip industry.
Despite geopolitical concerns and potential export restrictions from the U.S. government, TSMC's robust performance continues to highlight the growth potential within the AI chip sector.
The surge in TSMC’s share prices, following its impressive earnings report, reflects growing investor optimism, with support for other chipmakers like Nvidia and AMD subsequently increasing.
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