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Major Apple supplier TSMC’s revenue handily beats estimates

  • Taiwan Semiconductor Manufacturing Co. (TSMC) reported a 39% rise in October-December revenue to NT$868.5 billion ($26.3 billion), beating estimates.
  • The revenue growth represents a 34.4% year-on-year increase, with December alone showing a 57.8% jump in revenue.
  • TSMC's strong performance reinforces investor hopes in the continued growth of AI hardware spending.
  • Apple, as TSMC's primary chipmaker, is expected to benefit from the positive results.

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