Reported 1 day ago
Taiwan Semiconductor Manufacturing Co. (TSMC) anticipates a remarkable 58% increase in its fourth-quarter profits, reaching T$377.95 billion ($11.41 billion), propelled by strong demand for AI chips. As the largest contract chipmaker catering to major clients like Apple and Nvidia, TSMC's growth is primarily fueled by the rise in AI applications, despite facing challenges from U.S. technology restrictions on China and potential tariffs from the new U.S. administration. The company's positive financial outlook underscores its ongoing investments in production expansion, particularly in the U.S. and Taiwan.
Source: YAHOO