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International Business Times
International Business Times
Business

Taiwan's TSMC Says Net Profit Rose 57% In Fourth Quarter

TSMC Taiwan CC Wei United States China Nvidia Taiwan Semiconductor Manufacturing Company The United States
Taiwan Semiconductor Manufacturing Company said its net profit for the three months to December jumped 57 percent on-year (Credit: AFP)

Taiwanese chipmaking giant TSMC on Thursday announced a better-than-expected net profit for the fourth quarter as it benefits from booming demand for AI technology.

Taiwan Semiconductor Manufacturing Company is the world's largest contract maker of chips that are used in everything from Apple's iPhones to Nvidia's cutting-edge artificial intelligence hardware.

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