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00:02Taiwan's semiconductor manufacturing company reported a 35% increase in fourth-quarter profit,
00:08beating estimates as demand for artificial intelligence chips remained strong.
00:13According to CNBC, revenue reached $33.73 billion,
00:18topping expectations, while net income also exceeded forecasts.
00:22The company posted year-over-year profit growth for an eighth straight quarter
00:26as December quarter revenue rose 20.5%.
00:30Executives guided current quarter revenue of $34.6 billion to $35.8 billion
00:35and said margins are increasing.
00:38High-performance computing, including AI and 5G, accounted for 55% of sales.
00:44Advanced chips of 7 nanometers or smaller made up a majority of wafer revenue.
00:49TSMC plans to expand 2-nanometer production and raise capital spending in 2026,
00:54while flagging tariffs and memory shortages as risks.
00:58For all things money, visit Benzinga.com.
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