TSMC exceeds expectations with 57% profit increase in October-December quarter - suggests continued AI investment

MSN - 16/01

Taiwan Semiconductor Manufacturing Co., Ltd. (TSMC), a major semiconductor contract manufacturer, announced on the 16th that its profit for the October-December 2024 period (fourth quarter) increased by 57%, exceeding expectations. The move was a boost to investors' expectations that investments in artificial intelligence (AI) hardware will continue for another 25 years.

(Bloomberg) -- Taiwan Semiconductor Manufacturing Co., Ltd. (TSMC), a major semiconductor contract manufacturer, anno...
[Short citation of 8% of the original article]

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