TSMC’s third-quarter profit handily beats forecasts on AI boom

TSMC’s third-quarter profit handily beats forecasts on AI boom

TAIWAN Semiconductor Manufacturing Company (TSMC), the dominant producer of advanced chips used in artificial intelligence (AI) applications, reported on Thursday (Oct 17) a forecast-beating 54 per cent jump in third-quarter profit on the back of soaring demand. The world’s largest contract chipmaker, whose customers include Apple and Nvidia, has benefited from a surge towards AI…

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TSMC’s Q3 profit handily beats forecasts on AI boom

TSMC’s third-quarter profit handily beats forecasts on AI boom

TAIWAN Semiconductor Manufacturing Company (TSMC), the dominant producer of advanced chips used in artificial intelligence (AI) applications, reported on Thursday (Oct 17) a forecast-beating 54 per cent jump in third-quarter profit on the back of soaring demand. The world’s largest contract chipmaker, whose customers include Apple and Nvidia, has benefited from a surge towards AI…

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Cut-off yield on latest Singapore 1-year T-bill tumbles to 2.71%

Cut-off yield on latest Singapore 1-year T-bill tumbles to 2.71%

SINGAPORE’S latest one-year tranche of Treasury bills (T-bills) is offering a cut-off yield of 2.71 per cent, auction results released by the Monetary Authority of Singapore (MAS) indicated on Thursday (Oct 17). This is down 0.67 percentage point from the 3.38 per cent offered in the auction for the previous one-year tranche in July.…

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