TSMC reports 39% year-over-year profit increase in Q3

Taiwan Semiconductor Manufacturing Company, Asia's largest technology company, saw profits increase by more than 39% in the third quarter, compared to a year ago, signaling the boom in AI spending and stocks isn't over yet, despite growing warnings of a bubble. The chip maker reported revenues of NT$989.92 billion new Taiwan dollars for the September quarter. Analysts were expecting NT$977.46 billion. Net income came in at NT$452.3 billion, vs. expectations of NT$417.69 billion. The strong performance of ...