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TSMC Reports Record Q3 Revenue

Taiwan Semiconductor Manufacturing Co. (TSMC) reported record third-quarter revenue of NT$1,494.24 billion, or approximately $46.72 billion, up 50.9% from a year earlier. Revenue climbed 17.6% compared to the second quarter. Net income hit a record NT$763.06 billion ($23.59 billion), a 68.7% jump year over year. The company plans to expand its 3nm capacity in Taiwan and invest an additional $100 billion in Arizona.

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