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00:02Taiwan Semiconductor Manufacturing Company reported record third-quarter profit on Thursday,
00:07beating Wall Street estimates as global demand for artificial intelligence chips continued
00:11to grow, according to CNBC.
00:13Revenue rose to $1.49 trillion new Taiwan dollars, exceeding expectations of NT$1.47 trillion.
00:20Net income surged 68.7% from a year earlier to $763.1 billion new Taiwan dollars, marking
00:27its sixth consecutive quarter of record profit.
00:30TSMC forecast fourth-quarter revenue between $52.3 billion and $54.3 billion, supported
00:37by continued demand for advanced chipmaking technologies.
00:40The company expects capital spending from 2026 through 2028 to exceed the previous three
00:46years.
00:46TSMC also completed construction of its second Arizona factory, with mass production expected
00:51to begin in the third quarter of 2027.
00:53For all things money, visit Benzinga.com.
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