TSMC reports record quarterly profit and announces US expansion
Taiwan Semiconductor Manufacturing Company has recorded a significant rise in quarterly net profit and announced plans for a substantial investment in its American chipmaking operations.
AI disclosure: Summarised from a single named source by an AI model with editorial rules; links to the original report.
Taiwan Semiconductor Manufacturing Company (TSMC) has announced a record net profit for the second quarter, representing a 77% increase compared to the previous year. According to Euronews, these results surpassed Wall Street expectations.
In addition to the financial update, the firm has pledged $100bn (€87.4bn) to expand its chipmaking capacity within the United States.
Source: Euronews. Read the original report ↗
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This brief is based on reporting by Euronews.supports: Euronews