Tag: Taiwan

TSMC posts record Q3 profit on surging AI chip demand

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TAIPEI: Taiwan Semiconductor Manufacturing Company (TSMC) reported a 39.1% jump in third-quarter profit on Thursday, setting a new record as robust demand for artificial intelligence chips continued to drive growth. The world’s largest contract chipmaker posted net income of NT$452.3 billion ($14 billion), beating LSEG SmartEstimates of NT$417.69 billion. Revenue rose 30.3% year-over-year to NT$989.92…

TSMC earnings surge 61% as AI chip demand fuels record quarter

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TAIPEI: Taiwan Semiconductor Manufacturing Co. (TSMC) on Thursday reported a 61% surge in second-quarter profit, setting a quarterly record as strong demand for artificial intelligence chips continued to drive sales. The world’s largest contract chipmaker posted net income of NT$398.27 billion ($12.7 billion) for the June quarter, surpassing LSEG SmartEstimate forecasts of NT$377.86 billion. Revenue…

Lean Mobility secures ¥2.8 billion investment for urban compact EV

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Lean Mobility, a Japan-Taiwan alliance company, has announced that it has received a ¥2.8 billion investment from a consortium of Taiwanese automotive-related companies to develop and launch its urban compact electric vehicle (EV), Lean3, by mid-2025. Lean3 is a new mobility genre called RideRoid, which combines posture control robotics technology with advanced automotive driving techniques….