Demand for artificial intelligence is expected to drive TSMC's fourth quarter profit up by 27%.

Taiwan Semiconductor Manufacturing Company (TSMC), the world's largest manufacturer of advanced artificial intelligence chips, is expected to see a 27% increase in net profit in the fourth quarter, setting a new record high. This is due to the seemingly insatiable demand for artificial intelligence infrastructure. According to data compiled from 19 analysts by LSEG SmartEstimate, TSMC, the world's largest contract chip manufacturer and a major supplier to NVIDIA and Apple, is expected to achieve a net profit of 475.2 billion in the three months ending December 31. TSMC is Asia's most valuable listed company, with a market value of approximately 1.38 trillion US dollars, more than twice that of its Korean competitor Samsung Electronics. The company is set to release its financial report on Thursday and will provide guidance for the first quarter and full year performance on a earnings conference call at 6:00 GMT.