TSMC chips in big: Revenue soars 33.9pc as AI demand powers growth

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TAIPEI, Jan 10 — Taiwanese chip making giant TSMC said Friday its net sales rose by more than a third last year, beating...

The United States will award TSMC up to US$6.6 billion (RM29.7 billion) in direct funding to help build “state-of-the-art facilities in Arizona”, officials said in November, finalising the deal before Donald Trump’s administration enters the White House.

Its shares have more than doubled since the AI boom began in late 2022 with the debut of OpenAI’s ChatGPT, Bloomberg News reported.

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Category: EconomyBusiness

Markets: MalaysiaChinaJapanTaiwanUnited States

Topics: TSMC Chipmaker China

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-01-10 @ 15:49:15 (5 hours ago)

News Timezone: GMT +8:00

News Source URL: malaymail.com

Language: English

Article Length: 319 words

Reading Time: 2 minutes read

Sentences: 20 lines

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Copyright Owner: © Malay Mail

News ID: 25031001

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