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Taiwan computer chip maker TSMC's to expand investment as profit jumps 35%

HONG KONG (AP) — Taiwan-based TSMC, the world’s largest computer chip maker, plans to increase its capital spending by nearly 40% this year after it reported a 35% jump in its net profit for the latest quarter thanks to the boom in artificial intelligence, the company said Thursday. Taiwan Semiconductor Manufacturing Corp. , a major supplier to companies including Nvidia and Apple, reported a net profit of 506 billion new Taiwan dollars ($16 billion) for the October-December quarter, a 35%...

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