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TSMC beats estimates with 42% Q1 revenue jump on AI boom

TSMC beats estimates with 42% Q1 revenue jump on AI boom

FILE PHOTO: A logo of Taiwanse chip giant TSMC can be seen in Tainan, Taiwan December 29, 2022.REUTERS/Ann Wang/File Photo

TSMC, the world’s largest contract chipmaker, said on Thursday that firstquarter revenue jumped 42%, slightly ahead of a market consensus, benefiting from the boom in artificial intelligence.

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