TSMC, World's Largest Chipmaker, Plans Major Growth Despite Recent Profit Decline
• TSMC is the world's biggest chips producer and plans to expand to 100,000 employees globally in the next few years, up from 77,000 currently
• TSMC produces an estimated 90% of advanced chips in the world for clients like Nvidia and Apple
• TSMC reported its biggest profit decline since 2019 recently due to weak consumer tech demand
• AI demand is leading to higher valuations and stock price for TSMC
• TSMC is opening new chip factories in Japan and Arizona, backed by billions in investments