TSMC Q4 profit leaps to record on strong demand for AI chips
TAIPEI (Reuters) – Taiwan Semiconductor Manufacturing Co reported a 57% leap in fourth-quarter profit on Thursday as demand surges for advanced chips used in artificial intelligence processing. The world’s largest contract chipmaker, whose customers include Apple (NASDAQ:AAPL) and Nvidia (NASDAQ:NVDA), posted
TSMC’s Q4 profit rises 57% to a record, in line with forecast
TAIPEI (Reuters) – Taiwanese chipmaker TSMC said fourth-quarter net profit rose 57% to a record on Thursday, in line with expectations, as it benefits from surging demand for semiconductors used in artificial intelligence processing. Taiwan Semiconductor Manufacturing (TSMC), the world’s largest
TSMC Q4 profit beats expectations on robust AI demand
Investing.com– Taiwan Semiconductor Manufacturing Co, also known as TSMC, clocked a stronger-than-expected fourth quarter profit on Thursday, as it continued to benefit from strong artificial intelligence-fueled demand for its advanced chips. TSMC’s (TW:2330) (NYSE:TSM) net income surged 57% to T$374.68 billion
Australia stocks higher at close of trade; S&P/ASX 200 up 1.38%
Investing.com – Australia stocks were higher after the close on Thursday, as gains in the Financials, A-REITs and Gold sectors led shares higher. At the close in Sydney, the S&P/ASX 200 gained 1.38%. The best performers of the session on the S&P/ASX
Hindenburg, short-seller behind Adani selloff to shut down, says founder
Investing.com– Hindenburg Research, the U.S.-based short-selling firm known for its scathing reports on major companies, announced its decision to shut down operations amid escalating legal pressures, its founder said on Wednesday. Hindenburg’s founder, Nathan Anderson, stated in a website post the