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2 Nanometer Process

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TSMC posts sixth consecutive record profit on AI chip demand

TSMC reported third-quarter net income of NT$763.1 billion, a 68.7% year-on-year jump, with revenue of NT$1.49 trillion, both beating analyst estimates. The company's operating margin hit 58.7%, above its own guidance, and it forecast fourth-quarter revenue of $52.3-54.3 billion, up 58% year-on-year at the midpoint.