TSMC Quarterly Profit Beats Expectations as Margins Recover

(Bloomberg) — Taiwan Semiconductor Manufacturing Co.’s quarterly profit beat expectations as demand for the chips stayed robust in the face of worsening snarls in the supply chain.

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The world’s No. 1 foundry said Thursday net income for the three months ended September rose 14% to NT$156.3 billion ($5.6 billion), compared with the NT$149.6 billion average of analyst estimates. The company posted record revenue of NT$414.7 billion for the quarter, according to…

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