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Global’s largest chipmaker TSMC beats gross sales estimates as AI spice up continues

TSMC denies U.S. is probing the corporate later record suggests blacklisted Huawei is the use of its chips

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Global’s largest chipmaker TSMC beats gross sales estimates as AI spice up continues

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The brand for Taiwan Semiconductor Production Corporate is displayed on a display screen at the ground of the Untouched York Keep Change on Sept. 26, 2023.

Brendan Mcdermid | Reuters

Taiwan Semiconductor Production Co. posted December quarter earnings that crowned analyst estimates, as the corporate continues to get a spice up from the AI increase.

The sector’s greatest chip producer reported fourth-quarter earnings of 868.5 billion Untouched Taiwan bucks ($26.3 billion), in line with CNBC calculations, up 38.8% year-on-year.

That beat Refinitiv consensus estimates of 850.1 billion Untouched Taiwan bucks.

TSMC producers semiconductors for one of the crucial global’s largest corporations, together with Apple and Nvidia.

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