TSMC: Cryptocurrency Mining Drove Strong Third Quarter Revenue!

The chief financial officer for the Taiwan Semiconductor Manufacturing Company (TSMC), the world’s largest independent semiconductor foundry, cited cryptocurrency mining in the firm’s third-quarter results.

The company — which provides semiconductor manufacturing services for a range of industries, including firms that design and assemble application-specific integrated circuits (ASICs) for cryptocurrency mining — announced third-quarter revenue of $8.32 billion, an increase of 17.9% compared to the previous quarter and 1.5% year-over-year.

see more: https://www.coindesk.com/tsmc-cryptocurrency-mining-drove-strong-third-quarter-revenue/