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TSMC's Profit Surges as AI Investment Boosts Demand

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TSMC's Profit Surges as AI Investment Boosts Demand

TSMC reported a significant increase in its profits, with a 58% rise attributed to strong demand driven by investments in artificial intelligence. This surge indicates that the early weeks of conflict in the Middle East did not hinder the company’s growth, as AI-related developments continue to fuel its business. The report highlights the ongoing strength in the semiconductor sector amidst global uncertainties.

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