Taiwan Semiconductor Manufacturing Company (TSMC) announced on Thursday a 35% increase in fourth-quarter profit, beating expectations and setting a new record, as demand for artificial intelligence chips remained strong. Net income reached 505.74 billion New Taiwan dollars ($16 billion), surpassing the forecast of 478.37 billion New Taiwan dollars. Meanwhile, the company's revenue in the last quarter of last year grew by 20.5% year-on-year, exceeding 1 trillion New Taiwan dollars ($33.09 billion) against the expected 1.034 trillion. This marks the eighth consecutive quarter of annual profit growth for the company.
