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Oct 18, 2024

TSMC Hikes Revenue Outlook in Show of Confidence in AI Boom

Posted by in categories: robotics/AI, sustainability

The world’s largest maker of advanced chips has been one of the biggest beneficiaries of a global race to develop artificial intelligence.


Taiwan Semiconductor Manufacturing Co. shares hit a record high after the chipmaker topped quarterly estimates and raised its target for 2024 revenue growth, allaying concerns about global chip demand and the sustainability of an AI hardware boom.

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