Get the latest tech news
Taiwan chipmaker TSMC says net profit rose 57% in 4th quarter
The chipmaking giant announced a better-than-expected net profit for the fourth quarter as it benefits from booming demand for AI technology.
Taiwanese chipmaking giant TSMC on Thursday announced a better-than-expected net profit for the fourth quarter as it benefits from booming demand for AI technology. Photo: I-Hwa Cheng/AFP.Taiwan Semiconductor Manufacturing Company is the world’s largest contract maker of chips that are used in everything from Apple’s iPhones to Nvidia’s cutting-edge artificial intelligence hardware. The United States will award TSMC up to US$6.6 billion in direct funding to help build “state-of-the-art facilities in Arizona”, officials said in November, finalising the deal before Donald Trump enters the White House.
Or read this on r/technology