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Record earnings put TSMC's quarterly profit at $23.6 billion after a 69% jump fueled by AI chip demand (Image: Shutterstock)

TSMC Breaks Profit Record At $23.6B While AI Chip Stocks Slide

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TSMC reported record third-quarter net profit of $23.59 billion, up 69% from a year earlier, as artificial intelligence chip demand lifted earnings beyond analysts' forecasts. Key Points: TSMC's $23.59 billion quarterly profit beat analysts' estimates and marked its sixth consecutive record quarter.

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