Taiwan computer chip maker TSMC has reported its profit in the last quarter rose 57%, buoyed by the artificial intelligence boom.

Taiwan Semiconductor Manufacturing Co logged record quarterly profit on Thursday and said it expects robust revenue growth in the first three months of the year as demand surges for chips used in artificial intelligence processing.

The chipmaking giant announced a better-than-expected net profit for the fourth quarter as it benefits from booming demand for AI technology.

U.S.-listed shares of Taiwan Semiconductor Manufacturing Co. rose in premarket trading Thursday after the world's largest contract chip manufacturer posted better-than-expected fourth-quarter profit and a bullish outlook for artificial intelligence demand.

Steven Cohen's Point72 Asset Management's new artificial intelligence (AI)-focused fund posted a 14% gain after launching just three months ago, growing the fund to nearly $1.5 billion, according to sources familiar with the matter.

Taiwan computer chip maker TSMC reported Thursday that its profit in the last quarter rose 57%, buoyed by the artificial intelligence boom.

This report is from today’s TNC's Daily Open, our international markets update. TNC Daily Open keeps investors informed on everything they need to know, no matter where they are. What To Note Today Beijing's Top Objective Is To Stabilise The Yuan Even if a cheaper yuan increases exports,

TAIPEI: A 6.0-magnitude earthquake hit Taiwan on Tuesday (Jan 21), the US Geological Survey said, injuring 27 people and causing ceilings of homes to cave in according to local authorities.

TSMC's strong FY24 performance driven by AI chip demand and 3nm chip production, with continued growth projected despite margin pressure in 2025. Learn more on TSM stock here.

Fire department said a handful of people were trapped in damaged buildings in city of Tainan; earthquake shook buildings in capital Taipei A 6.4 magnitude earthquake struck a mountainous, rural area of Taiwan's south on Tuesday near the city of Chiayi,

The S&P 500 largely erased its post-election gains the past few weeks. As Trump’s inauguration nears, investors seem ready to play the market again.

Concerts will be held at 50,000-seat Kai Tak Stadium on April 25 and 26, with ticket prices starting at HK$680.