(Bloomberg) — Taiwan Semiconductor Manufacturing Co.’s profit in the December quarter topped estimates with a 57% rise, giving a boost to investors hoping to see the AI hardware spending spree extend into 2025.
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The world’s biggest chipmaker reported net income of NT$374.7 billion ($11.4 billion) on Thursday. That compares with an average profit estimate of NT$369.8 billion, after the company disclosed better-than-projected sales last week.
The strong…
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