TSMC announced its sixth consecutive quarter of record profits, with fourth-quarter revenue expected to rise 58% year-over-year. The Taiwanese company, which produces the majority of the world’s most advanced semiconductors for Nvidia, AMD, Broadcom and major tech firms like Apple, Google, Amazon and Microsoft, faces explosive demand driven by artificial intelligence. Analysts say competition for production capacity is extremely fierce, which threatens massive industry investments. TSMC outlined ambitious expansion plans with a total commitment of 265 billion dollars in Arizona, including the addition of several new fabs.
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