The emblem for Taiwan Semiconductor Manufacturing Company is displayed on a display screen on the ground of the New York Stock Exchange on Sept. 26, 2023.
Brendan Mcdermid | Reuters
Taiwan Semiconductor Manufacturing Co. posted December quarter income that topped analyst estimates, as the corporate continues to get a lift from the AI growth.
The world’s largest chip producer reported fourth-quarter income of 868.5 billion New Taiwan {dollars} ($26.3 billion), in keeping with CNBC calculations, up 38.8% year-on-year.
That beat Refinitiv consensus estimates of 850.1 billion New Taiwan {dollars}.
TSMC producers semiconductors for a few of the world’s greatest corporations, together with Apple and Nvidia.
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