TSMC Q4 profit poised to soar 27% as AI demand drives growth

TAIPEI: TSMC, the world’s largest manufacturer of advanced artificial intelligence chips, is expected to ‍post a 27% jump in fourth-quarter net profit to a record due to the seemingly insatiable demand for AI ⁠infrastructure.

Taiwan Semiconductor Manufacturing Co, the world’s top contract chipmaker and a key supplier to Nvidia and Apple, is forecast to report a net profit of T$475.2 billion ($15.02 billion) for the three months through December 31, according to an LSEG SmartEstimate ‌compiled from ‌19 analysts.