Taiwanese chipmaker TSMC posts 57% surge in profit thanks to the AI boom Taiwan computer chip maker TSMC reported Thursday that its profit in the last quarter rose 57%, buoyed by the artificial intelligence boom.
Last week, the company, Taiwan Semiconductor Manufacturing Corp., reported that its revenue for 2024 rose almost 34% to 2.9 trillion new Taiwan dollars ($88 billion).
The new rules cap the number of AI chips that can be exported to most countries, although about 20 close allies including Taiwan will have unlimited access to U.S. AI technology.
The world’s biggest semiconductor manufacturer reported a net profit of 374.7 billion new Taiwan dollars ($11.4 billion), higher than expected.
Revenue for the fourth quarter rose 38.8% to 868.46 billion new Taiwan dollars ($26.4 billion), also higher than forecasts.
