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

New process converts plant waste into sustainable jet fuel

Electrochemical cell converts captured carbon to green fuel with high efficiency

Using sunlight to recycle harmful gases into valuable products

New study highlights improved ethanol production method using CO2 and Nanocatalysts

Bright future for solar panels and screens with new nanocrystal research

Computer simulations offer new insights into enhancing solar cell materials

Telescopes could help power isolated communities in Chile's Atacama Desert

Study shows how water systems can drive renewable energy adoption

UK campaigners in green energy standoff reject 'nimby' label

Wind turbine orders grow 23 percent, led by China: study

Researchers develop method for chemically recyclable wind turbine blades

India's green energy wind drive hits desert herders hard

Little progress at key meet ahead of COP29 climate summit

'Age of Electricity' coming as fossil fuels set to peak: IEA

Climate pact needs 'hundreds of billions' in state money: COP29 hosts

Urgent need for climate-friendly aircon: UN report

Lab data confirm potential of geothermal's holy grail: superdeep, superhot rock as important renewable energy source

Seeking new energy solutions from the sea in wave power biofuel and beyond

Fire breaks out at Chinese battery giant CATL plant

A high-energy-density Mars battery designed for long-term missions

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

Iowa Supreme Court mulling Summit pipeline lawsuit

Iran condemns 'illegal and unjustified' US sanctions on oil industry: ministry

Israel tells US will not hit Iran's nuclear or oil facilities: media

No peak oil demand 'on the horizon', phaseout a 'fantasy': OPEC

Crew completes simulated Mars Mission at JSC

Mars' missing atmosphere could be hiding in plain sight

Martian rocks shed light on planet's ancient climate

A Striped Surprise

Subscribe Free To Our Daily Newsletters

The content herein, unless otherwise known to be public domain, are Copyright 1995-2026 - 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.