Taiwan Semiconductor Manufacturing Co (TSMC) announced a 35% increase in fourth-quarter profit to a record T$505.7 billion ($16 billion), beating market forecasts. The surge is driven by growing demand for advanced AI chips. Despite trade policy uncertainty, TSMC remains profitable. The company spent $40.9 billion on capital investments last year and plans a $100 billion U.S. investment. U.S. Secretary of Commerce anticipates more investment in the country.

Read more at Yahoo Finance: TSMC fourth-quarter profit leaps to record driven by AI boom