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flag TSMC reports a 57% jump in Q4 net profit, driven by AI chip demand, amid U.S. export restrictions.

flag Taiwan Semiconductor Manufacturing Company (TSMC) reported a 57% increase in net profit for the fourth quarter, exceeding expectations. flag The surge in profit is attributed to strong demand for advanced chips used in artificial intelligence applications. flag Despite this growth, TSMC may face challenges in the future due to tighter U.S. export restrictions on advanced chip and AI technology to China.

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