Taiwan's TSMC says net profit rose 36% in Q2

Taiwanese chip giant TSMC said Thursday net profit jumped 36 percent in the second quarter of 2024, buoyed by global demand for generative artificial intelligence products. Following the runaway success of ChatGPT, TSMC is now at the forefront of a generative AI revolution, churning out the world's most advanced microchips needed to power products made by Silicon Valley.