TAIPEI (Reuters) – Taiwanese chipmaker TSMC said fourth-quarter net profit rose 57% to a record on Thursday, in line with expectations, as it benefited from strong demand for semiconductors used in artificial intelligence processing.
Taiwan Semiconductor Manufacturing (TSMC), the world’s largest contract chip maker and a major supplier to Apple (NASDAQ: ) and Nvidia (NASDAQ: ), saw its October-December net profit rise to T$374.68 billion ($11.38 billion ) with T$ 238.7 billion a year earlier.
Profits were generally in line with the T$377.95 billion LSEG SmartEstimate, which is weighted by analysts’ forecasts that are more consistently accurate.
(1 USD = 32.9330 Taiwan dollars)
