Apple chipmaker TSMC reported better - than-expected results for the fourth quarter of 2023 and said this was due to increased demand for high-performance processors due to artificial intelligence .
TSMC has struggled in the past due to falling demand as smartphone and laptop makers stockpiled processors during the global chip shortage. However, it is reporting a decline in profits through July 2023, but the iPhone 15 to help it recover.
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According to Bloomberg, sales did not increase as much as expected, but TSMC managed to offset its profits in the fourth quarter of 2023 compared to the same period in 2022.
TSMC reported quarterly profit of NT$625.5 billion (~€18.40 billion). Analysts had forecast slightly lower profit of around NT$19.83 billion (~€18.12 billion).
CEO has been largely resolved. In addition, Wei said the business has been boosted by demand from Nvidia and AMD devices driven by artificial intelligence.
TSMC has not disclosed its sales in detail, so it is not known what percentage of its 2023 profits will come from Apple. However, similar statements about smartphones by CC Wei have been made in the past, claiming that the iPhone 15 has reversed the general downward trend in smartphone market sales.
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Despite a decline in demand for AI chips in 2023, TSMC continues to expand its operations in Germany, Japan, and Arizona.
Source: appleinsider.com
