Taiwanese chipmaker TSMC posts 57% surge in profit thanks to the AI boom

HONG KONG — Taiwan computer chip maker TSMC reported Thursday that its profit in the last quarter rose 57%, buoyed by the artificial intelligence boom.

The world’s biggest semiconductor manufacturer reported a net profit of 374.7 billion new Taiwan dollars ($11.4 billion), higher than expected.

Last week, the company, Taiwan Semiconductor Manufacturing Corp., reported that its revenue for 2024 rose almost 34% to 2.9 trillion new Taiwan dollars ($88 billion). Revenue for the fourth quarter…