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Nvidia founder Jensen Huang met with TSMC founder Morris Chang and CEO C.C. Wei over dinner in Taipei to discuss chip supply.

Growth Using AI: Taiwan Semiconductor Manufacturing Co Ltd (TSMC), the world's largest contract chipmaker and a major Apple Inc and Nvidia supplier, said at an earnings conference that AI represented a major opportunity. "We are a key enabler for AI applications. So far today, everything you saw for AI comes from TSMC," CEO C.C. Wei said at the conference, after the company reported a fourth quarter net profit that beat market expectations.

TSMC, the world’s largest contract chip manufacturer, projected revenue growth of at least 8 per cent to US$18.8 billion in the March quarter.

Shares of computer processor maker AMD (NASDAQ:AMD) jumped 5.3% in the pre-market session after peer, Taiwan Semiconductor Manufacturing Company reported strong Q4'2023 results that exceeded Wall Street's revenue and EPS expectations. During TSMC's earning call, CEO C.C. Wei added, "2023 was a challenging year for the global semiconductor industry, but we also witnessed the rising emergence of generative AI-related applications, which TSMC as a key enabler." Looking ahead, the company expects re

Taiwanese chipmaker TSMC posted a 25% fall in third quarter net profit on Thursday, beating expectations, and said the semiconductor industry could be poised for recovery. Demand for personal computers and smartphones, two of TSMC's business drivers, is expected to lead the recovery, with artificial intelligence (AI) growth also increasing demand for its advanced chips and advanced packaging. "We can expect 2024 to be a healthy growth year for TSMC," CEO C.C. Wei told an earnings briefing, with the company expecting to "do better than the overall industry" next year.