Daily Market Updates: TSMC second-quarter profit rises more than 77% on high-end chip demand

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TSMC second-quarter profit rises more than 77% on high-end chip demand

Reported · Written up by our desk · Asia

TSMC reported a sharp jump in second-quarter profit, rising by more than 77%, and said the result beat market expectations, according to CNBC Markets.

The company released the quarter’s profit figures following its June revenue update, which it shared earlier in the week, CNBC Markets reported.

CNBC World carried the same announcement, tying the stronger performance to demand for high-end chips.

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Sources

CNBC MarketsTSMC second-quarter profit jumps over 77%, beating estimates, on high-end chip boom

CNBC WorldTSMC second-quarter profit jumps over 77%, beating estimates, on high-end chip boom

Global Markets

TSMC second-quarter profit rises more than 77% on high-end chip demand

More like this

Sources

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