TAIPEI: Taiwanese chipmaking giant TSMC announced Thursday (Apr 18) a nearly 9 per cent increase in net profits in the first quarter of 2024.
FILE PHOTO: The logo of Taiwan Semiconductor Manufacturing Co is pictured at its headquarters, in Hsinchu, Taiwan, January 19, 2021. REUTERS/Ann Wang/File PhotoTAIPEI: Taiwanese chipmaking giant TSMC announced Thursday a nearly 9 per cent increase in net profits in the first quarter of 2024.
TSMC - which produces some of the tiniest, most advanced microchips in the world - had sought to quell investor fears in the past by pointing to the increasing demand for AI-related products, which need the high-performing silicon wafers to function. In February, TSMC launched a new fabrication plant in the southern Japanese island of Kyushu - a coup for Japan as it vies with the United States and Europe to woo semiconductor firms with huge subsidies.
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