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Taiwan Semiconductor Manufacturing Co. reported third-quarter net profit of T$763.1 billion, up 69% and above analysts’ T$746.3 billion forecast. The company cautioned that the cycle would not last indefinitely.
TAIPEI, Oct 15 (Reuters) — TSMC, the world's largest contract chipmaker, posted a 69% jump in third-quarter net profit on Thursday, beating market forecasts and hitting a record, thanks to soaring global demand for its AI processors. Taiwan Semiconductor Manufacturing Co, whose customers include Nvidia and Apple, said