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TSMC Forecasts Q4 Revenue Jump

Taiwan Semiconductor Manufacturing Company (TSMC) expects fourth-quarter revenue to climb by as much as 61% from a year earlier. The company reported third-quarter revenue of NT$1,494.24 billion ($46.72 billion), up 50.9% from the same period last year and 17.6% higher than the previous quarter. TSMC's guidance follows a record third-quarter profit of NT$763.06 billion ($23.59 billion).

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