TSMC on Thursday reported a 35% increase in fourth-quarter profit, beating estimates and hitting a fresh record as demand for artificial intelligence chips remained strong. The chipmaker crossed $100B in annual revenue and is sold out through 2026, with customers like Nvidia, AMD and Apple locking in capacity years ahead, lifting the entire chip supply chain. CNBC's Kristina Partsinevelos reports. Read more: cnb.cx/45a5P5t | CNBC
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Global semiconductor powerhouse Taiwan Semiconductor Manufacturing Company (TSMC) and US President Donald Trump jointly announced today in Washington, D.C. that TSMC will invest an additional US$100 billion to build three advanced chip fabrication plants, two advanced packaging plants and a research and development center in the United States in the next few years. The new pledge is on top of the US$65 billion already being invested by TSMC in Arizona. | Focus Taiwan
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#VantageOnFirstpost: In a breakthrough deal, the US has approved a grant of $6 billion for Taiwan Semiconductor Manufacturing Company (TSMC). Washington aims to help the firm set-up three chip-making factories in the state of Arizona in an effort expand production of chips in America. The US aims to boost the production of homegrown chips as the global race for semiconductors heats up. President Joe Biden, in a statement, has said that "America invented these chips, but over time, we went from p
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