TSMC fourth-quarter profit leaps to record driven by AI boom

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TSMC, the world’s main producer of advanced AI chips and a major supplier to Nvidia, on Thursday posted a 35% ‌jump ‌in fourth-quarter profit to record levels that handily beat market forecasts on Thursday.

Benefiting ‌from surging demand for advanced chips used in artificial intelligence applications, Taiwan Semiconductor Manufacturing Co said net profit for October-December climbed to T$505.7 billion ($16 billion), its seventh straight quarter of double-digit ​growth.

That was well ahead of ​a T$478.4 billion LSEG SmartEstimate drawn from…



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TSMC fourth-quarter profit leaps to record driven by AI boom



TSMC, the world’s main producer of advanced AI chips and a major supplier to Nvidia, on Thursday posted a 35% ‌jump ‌in fourth-quarter profit to record levels that handily beat market forecasts on Thursday.

Benefiting ‌from surging demand for advanced chips used in artificial intelligence applications, Taiwan Semiconductor Manufacturing Co said net profit for October-December climbed to T$505.7 billion ($16 billion), its seventh straight quarter of double-digit ​growth.

That was well ahead of ​a T$478.4 billion LSEG SmartEstimate drawn from…



Source link

Disclaimer

We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.

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