Taiwanese chipmaking giant TSMC on Thursday announced a better-than-expected net profit for the fourth quarter as it benefits from booming demand for AI technology.

TSMC's market leadership continues, driven by strong AI-driven demand despite geopolitical challenges. The semiconductor giant’s Q4 results highlight its dominant role in powering the AI revolution.

Chinese start-up Zhipu AI said it "strongly disagrees" with a US decision to add the company and its subsidiaries to an ...