HONG KONG (AP)– Taiwan integrated circuit manufacturer TSMC reported Thursday that its revenue in the last quarter climbed 57%, buoyed by the artificial intelligence boom.
The globe’s greatest semiconductor maker reported a web revenue of 374.7 billion brand-new Taiwan bucks ($ 11.4 billion), greater than anticipated.
Last week, the business, Taiwan Semiconductor Manufacturing Corp., reported that its profits for 2024 climbed nearly 34% to 2.9 trillion brand-new Taiwan bucks ($ 88 billion). Revenue for the 4th quarter climbed 38.8% to 868.46 billion brand-new Taiwan bucks ($ 26.4 billion), likewise greater than projections.
TSMC has actually been captured in the crossfire of U.S.-China tensions over profession and modern technology.
The united state stated today that it would certainly better limit exports of chips made use of for AI and various other innovative modern technology, looking for to restrict China’s gain access to. The brand-new policies cover the variety of AI chips that can be exported to a lot of nations, although concerning 20 close allies consisting of Taiwan will certainly have endless accessibility to united state AI modern technology.
The policies nevertheless might influence need for AI chips from chipmakers like TSMC.
The Taiwanese chipmaker has strategies to open up three factories in the united state and 2 even morein Japan Both the Japanese and united state federal governments are using billions in financing and subsidies to TSMC to improve residential chip manufacturing.
The Associated Press
