From Bloomberg, January 14/15:
Taiwan Semiconductor Manufacturing Co. surpassed expectations with strong profit growth, supporting bullish indications from US chip designers about AI hardware demand.
The world’s top contract chipmaker on Thursday reported NT$505.7 billion ($16 billion) in net income for the December quarter, versus the average analyst estimate for 25% growth to NT$467 billion.
TSMC is Asia’s most valuable company and a closely watched bellwether for the semiconductor industry at the heart of the artificial intelligence boom. Its strong set of results included better-than-expected sales of $33.1 billion in the period, helping the company surpass $100 billion in annual revenue for the first time. Alongside top customer Nvidia Corp., TSMC has expressed a high degree of confidence for AI demand driving long-term growth, in spite of rising concerns about the sustainability of current spending....
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