From Nasdaq:

TSMC, the world’s largest contract chipmaker, projects healthy growth for 2024. It exceeds expectations with Q4 profit of T$238.7 billion, beating analysts’ forecast of T$226.4 billion. Fourth quarter capex decreases to $5.24 billion from $7.1 billion in Q3. TSMC forecasts $28-$32 billion in capital spending for 2024 and plans to expand its global manufacturing footprint.



Read more: TSMC Q4 profit falls 19%, beats market expectations