TSMC Q3 profit jumps 80%, beats market expectations


The logo of Taiwan Semiconductor Manufacturing Co (TSMC) is pictured at its headquarters, in Hsinchu, Taiwan. REUTERS/Ann Wang

TAIPEI: Taiwanese chipmaker TSMC posted an 80% surge in third-quarter net profit on Thursday, boosted by strong sales of its advanced chips used in data centres and electric cars, despite a slowdown in the global chip industry due to economic headwinds.

This is the company's strongest quarterly net profit growth in two years.

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TSMC , semiconductor , chips , profit

   

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