TSMC posts better-than-expected sales on AI demand

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Taiwan Semiconductor Manufacturing Company (TSMC) reported a 30 per cent increase in its third-quarter sales as major US tech companies continued to make multibillion-dollar bets on artificial intelligence.Revenue for the three-month period ending in September totalled NT$989.9 billion (US$32.5 billion), according to Bloomberg News calculations based on monthly sales numbers provided by the company, while analysts on average were looking for NT$962.8 billion.The shares of Asia’s most valuable...