Taiwan Semiconductor Manufacturing Co. posted record third-quarter results with revenue of $46.72 billion, up 50.9% year over year. Net income reached $23.59 billion, a 68.7% increase. High-performance computing, covering AI accelerators and data center processors, accounted for 68% of net revenue. TSMC raised its full-year growth forecast to approximately 44% and guided fourth-quarter revenue to between $52.3 billion and $54.3 billion. The company plans to expand its 3nm capacity in Taiwan and has committed an additional $100 billion investment in Arizona.
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