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TSMC Profit Falls Less Than Feared as AI Boom Offsets Tech Slump

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July 20, 2023, 5:34 a.m. | Debby Wu

Bloomberg Technology bloomberg.com

Taiwan Semiconductor Manufacturing Co. posted a smaller than expected profit decline, after the global AI development boom outweighed a persistent slump in smartphone demand.

ai development boom demand development global global ai manufacturing profit semiconductor semiconductor manufacturing smartphone tai:2330 taiwan tech tsmc

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