TSMC fourth-quarter profit leaps to record driven by AI boom
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TSMC reported a record 35% increase in fourth-quarter profit, reaching T$505.7 billion ($16 billion), driven by the AI boom. This marks the seventh consecutive quarter of double-digit growth, surpassing analyst expectations. Despite uncertainties from trade policies, TSMC's capital spending reached $40.9 billion, with plans for a $100 billion investment in the U.S. and $65 billion for Arizona plants. The company continues to benefit from high demand for advanced AI chips, solidifying its position as a leading supplier to Nvidia.
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