Taiwan Semiconductor Manufacturing beat analyst estimates for the fourth quarter, thanks to strong sales of AI chips. TSM stock surged.

Taiwan Semiconductor Manufacturing Co reported a 57% leap in fourth-quarter profit on Thursday as demand surges for advanced chips used in artificial intelligence processing. The world's largest contract chipmaker,

U.S.-listed shares of Taiwan Semiconductor Manufacturing Co. (TSM) rose 4% in premarket trading Thursday after the world's largest contract chip manufacturer posted better-than-expected fourth-quarter profit and a bullish outlook for artificial intelligence (AI) demand.

TSMC plans to build 2nm chips at one of its U.S. fabs in Arizona by 2028. As great as that sounds for U.S. tech companies like Apple, by then, TSMC's most cutting-edge chips could be built in Taiwan using the 1.

Samsung was rumored to reach out to TSMC for the manufacturing of next-gen Exynos chips. But a new report claims that the brand was rejected.

With TSMC maintaining caution toward Chinese AI chip clients amid US-China tensions, industry observers suggest Chinese companies may partner with Samsung, which currently faces low utilization rates due to a lack of large enterprise orders.