TSMC on Thursday reported a 35% increase in fourth-quarter profit, beating estimates and hitting a fresh record as demand for artificial intelligence chips remained strong. The chipmaker crossed $100B in annual revenue and is sold out through 2026, with customers like Nvidia, AMD and Apple locking in capacity years ahead, lifting the entire chip supply chain. CNBC's Kristina Partsinevelos reports. Read more: cnb.cx/45a5P5t | CNBC

TSMC, the world's largest contract chipmaker, said it expects strong growth in its business to be sustained as it reported a forecast-beating 54% jump in quarterly profit due to soaring demand for chips used in AI https://reut.rs/3YbFK1l | Reuters