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TSMC Outlook Beats Estimates as AI Demand Helps Propel Business

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April 18, 2024, 5:34 a.m. | Jane Lanhee Lee

Bloomberg Technology bloomberg.com

Taiwan Semiconductor Manufacturing Co. expects revenue to rise as much as about 30% this quarter, reflecting a boom in AI development that’s boosting demand for the advanced chips it makes for the likes of Nvidia Corp.

advanced ai development boom boosting business chips demand development manufacturing nvidia outlook revenue semiconductor semiconductor manufacturing tai:2330 taiwan tsmc

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