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Taiwan's TSMC second-quarter net profit jumps on Gen AI demand
Taiwan's TSMC second-quarter net profit jumps on Gen AI demand
Technology
by  AFP

Taiwan chip giant TSMC said Thursday net profit jumped by more than a third in the second quarter of 2024, buoyed by global demand for generative artificial intelligence products. "Moving into third quarter 2024, we expect our business to be supported by strong smartphone and AI-related demand for our leading-edge process technologies."