From Quartz.

TSMC reported fourth-quarter profit up 35% on continued AI chip demand, highlighting ongoing strength in advanced manufacturing.
The TSMC earnings release showed net income of NT$505.74 billion (about $16 billion) and revenue near $33.73 billion, both above expectations. Management forecast 6.3% quarter-over-quarter growth in Q1 and plans up to $56 billion this year for factories outside Taiwan and in the U.S.
Demand remains strong for 3nm and 5nm technologies, and CEO C.C. Wei said spending plans followed checks with major customers including Nvidia and AMD. Wedbush called TSMC a top hardware pick with shares about 30% below its target, as guidance points to a 30% USD sales increase in 2026 and added Arizona capacity.
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