Reported 1 day ago
Taiwan Semiconductor Manufacturing Company (TSMC) announced a 57% increase in net profit for the last quarter, reaching 374.7 billion new Taiwan dollars ($11.4 billion), largely fueled by the artificial intelligence boom. In 2024, the company's revenue rose nearly 34% to 2.9 trillion new Taiwan dollars ($88 billion). Despite U.S.-China trade tensions affecting chip exports, TSMC is moving ahead with plans to build factories in the U.S. and Japan, supported by significant government funding.
Source: YAHOO