Quartz·1 min read·easy
TSMC posted record profit and pledged an additional $100 billion for Arizona chip plants
✦AI Summary
TSMC reported a 77% year-over-year increase in net income for the second quarter, exceeding analyst expectations. The company also announced a $100 billion investment expansion for its chip manufacturing facilities in Arizona.
The chipmaker's net income rose 77% year-over-year in the second quarter, beating analyst estimates, as AI chip demand remains strong
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