TSMC profits surge 57% as demand for AI chips remains high

TSMC reported a 37% year-over-year increase in revenue.

Chiang Ying-ying/AP

• TSMC reported net income of $11.6 billion in its fourth-quarter earnings Thursday.
• The company, which makes chips for Nvidia and Apple, is riding the AI boom.
• TSMC's CFO said its results were "supported by strong demand" for its advanced chips.

Taiwan Semiconductor Manufacturing Company has reported record earnings, indicating that demand for AI chips remains strong.

TSMC, the...