Lates News

Taiwan Semiconductor Manufacturing Company (TSMC) announced on Thursday that its fourth quarter net profit increased by 35% year-on-year, setting a new record and surpassing market expectations. This was mainly attributed to the surge in demand for semiconductors related to artificial intelligence applications. TSMC's clients include companies such as Nvidia and Apple. Its net profit for the period from October to December rose to 505.7 billion New Taiwan Dollars (approximately 16.01 billion US dollars). This performance comfortably exceeded the LSEG institution's prediction of 478.4 billion New Taiwan Dollars. Furthermore, the company's annual revenue was 3.809 trillion New Taiwan Dollars with a net profit of 1.719 trillion New Taiwan Dollars.