Taiwan Semiconductor Manufacturing (TSM) has released an update. Taiwan Semiconductor Manufacturing Company (TSMC) reported a strong third quarter for 2024, with a 39% increase in revenue year-over-year, reaching NT$759.69 billion, and a 54.2% rise in net income. The company attributes its growth to robust demand for its advanced 3-nanometer and 5-nanometer technologies, driven by smartphone and AI-related markets. TSMC’s impressive financial performance underscores its leadership in the semicon