Reported 14 days ago
Taiwan Semiconductor Manufacturing Corp. (TSMC), the world's largest chipmaker, reported a nearly 40% increase in net profit for the last quarter, driven by the rising demand for artificial intelligence technologies. The company achieved a record profit of 452.3 billion new Taiwan dollars ($15 billion) and a 30% revenue growth year-on-year. TSMC continues to expand its manufacturing capabilities in the U.S. and Japan to mitigate risks associated with U.S.-China trade tensions and remains a key supplier for major tech companies like Apple and Nvidia.
Source: YAHOO