Taiwan Semiconductor Manufacturing (TSM) has released an update.
TSMC has reported a robust financial performance for the second quarter of 2024, showcasing a 40.1% year-over-year increase in revenue to NT$673.51 billion and a 36.3% rise in net income to NT$247.85 billion. The company attributes its solid growth to strong demand for its industry-leading 3nm and 5nm technologies. Looking ahead, TSMC anticipates continued business momentum driven by high demand in the smartphone and AI sectors.
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