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Taiwan Semiconductor Reports Record Third-Quarter Profit

Taiwan Semiconductor Manufacturing Co. reported a record third-quarter profit as demand for AI microchips and processors surged. The report says profit beat Wall Street expectations.

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Taiwan Semiconductor Manufacturing Co. (TSM) reported a record quarterly profit amid surging demand for artificial intelligence (A.I.) microchips and processors. The company makes about three-quarters (75%) of the world’s microchips and said its record third-quarter profit beat Wall Street…