HONG KONG – Taiwan laptop chip maker TSMC reported Thursday that its revenue within the final quarter rose 57%, buoyed by the artificial intelligence boom.
The world’s largest semiconductor producer reported a internet revenue of 374.7 billion new Taiwan {dollars} ($11.4 billion), larger than anticipated.
Final week, the corporate, Taiwan Semiconductor Manufacturing Corp., reported that its income for 2024 rose nearly 34% to 2.9 trillion new Taiwan {dollars} ($88 billion). Income for the fourth quarter rose 38.8% to 868.46 billion new Taiwan {dollars} ($26.4 billion), additionally larger than forecasts.
TSMC has been caught within the crossfire of U.S.-China tensions over commerce and expertise.
The U.S. mentioned this week that it could additional prohibit exports of chips used for AI and different superior expertise, in search of to restrict China’s entry. The brand new guidelines cap the variety of AI chips that may be exported to most nations, though about 20 shut allies together with Taiwan can have limitless entry to U.S. AI expertise.
The rules nonetheless might affect demand for AI chips from chipmakers like TSMC.
The Taiwanese chipmaker has plans to open three factories within the U.S. and two extra in Japan. Each the Japanese and U.S. governments are providing billions in funding and subsidies to TSMC to spice up home chip manufacturing.
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