Taiwan's TSMC says net profit rose 54.2% in third quarter

Taiwan's TSMC says net profit rose 54.2% in third quarter
by AFP Staff Writers
Taipei (AFP) Oct 17, 2024

Taiwanese chip giant TSMC announced Thursday a bigger-than-expected increase in net profit for the third quarter of 2024.

Taiwan Semiconductor Manufacturing Company said net profit in the three months to September hit NT$325.26 billion (US$10.1 billion), up 54.2 percent from the same period last year.

Revenues in the period grew 36 percent on-year to US$23.5 billion, the firm said in a statement.

TSMC controls more than half the world's output of chips used in everything from Apple's iPhones to Nvidia's cutting-edge artificial intelligence hardware.

The company is grappling with geopolitical tensions between the United States and China over technology import restrictions, trade and Taiwan.

Subscribe Free To Our Daily Newsletters

RELATED CONTENT

The following news reports may link to other Space Media Network websites.

World's first zero-magnetic-field superconducting flux qubit achieved
Tokyo, Japan (SPX) Oct 16, 2024
A research collaboration between the National Institute of Information and Communications Technology (NICT), NTT Corporation, Tohoku University, and the Tokai National Higher Education and Research System at Nagoya University has successfully developed a superconducting flux qubit that operates without requiring an external magnetic field. This breakthrough was accomplished using a ferromagnetic Josephson junction, known as a p-junction, enabling the qubit to function optimally in a zero magnetic field ... read more

Fake AI history photos cloud the past

Ancient 3D paper art could help shape modern wireless tech

Ethiopia's 'korale' recyclers turn waste into money

AI and Physics Combine for Advanced Meta-Antenna Design

BlackSky secures US Navy contract for Gen-3 Optical Intersatellite Links

Viasat partners with CYSEC for satellite cybersecurity solutions

GMV to lead development of communications hub for EU's GOVSATCOM program

Astranis secures cxontract to add military Ka band to Omega satellites

China launches two more satellites for Beidou navigation system

SpaceX launches European Galileo satellites to medium Earth orbit

OneWeb Technologies unveils Astra PNT Solution for GPS-Denied Environments

Mathematical Proof Confirms Five Satellites Required for Precise GPS Navigation

Russian jet buzzes U.S. fighter off Alaska in 'reckless, unprofessional maneuver'

EU recommends airlines avoid Lebanese, Israeli airspace

Taiwan says 29 more Chinese aircraft detected after one-day surge

Plane contrails: white fluffy contributors to global warming

ASML shares dive after disappointing Q3 bookings

MIT team takes a major step toward fully 3D-printed active electronics

Engineering technique advances lasers and LEDs with atomic-level control of perovskite materials

World's first zero-magnetic-field superconducting flux qubit achieved

Using satellite data to expand understanding of river flow dynamics

Artificial intelligence and satellite data advancing climate modeling

Satellite data fusion enhances early detection of convective clouds

Hurricanes, storms, typhoons... Is September wetter than usual?

Rome to clean up its act with billion-euro trash burner

Return to sender: waste stranded at sea stirs toxic dispute

VA weighs whether so-called forever chemicals have connection to kidney cancer

California expands ban on plastic grocery bags

Subscribe Free To Our Daily Newsletters

The content herein, unless otherwise known to be public domain, are Copyright 1995-2024 - Space Media Network. All websites are published in Australia and are solely subject to Australian law and governed by Fair Use principals for news reporting and research purposes. AFP, UPI and IANS news wire stories are copyright Agence France-Presse, United Press International and Indo-Asia News Service. ESA news reports are copyright European Space Agency. All NASA sourced material is public domain. Additional copyrights may apply in whole or part to other bona fide parties. All articles labeled "by Staff Writers" include reports supplied to Space Media Network by industry news wires, PR agencies, corporate press officers and the like. Such articles are individually curated and edited by Space Media Network staff on the basis of the report's information value to our industry and professional readership. Advertising does not imply endorsement, agreement or approval of any opinions, statements or information provided by Space Media Network on any Web page published or hosted by Space Media Network. General Data Protection Regulation (GDPR) Statement Our advertisers use various cookies and the like to deliver the best ad banner available at one time. All network advertising suppliers have GDPR policies (Legitimate Interest) that conform with EU regulations for data collection. By using our websites you consent to cookie based advertising. If you do not agree with this then you must stop using the websites from May 25, 2018. Privacy Statement. Additional information can be found here at About Us.