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### TAIWANESE CHIPMAKER TSMC REPORTS STEADY CAPITAL SPENDING AND STRONG REVENUE GROWTH DRIVEN BY AI DEMAND

#### TSMC Projects Steady Capital Spending and Over 20% Revenue Growth

In a recent announcement, Taiwanese chipmaker TSMC projected steady capital spending for the current year and upwards of 20% revenue growth, driven by the increasing demand for artificial intelligence. This prediction comes after TSMC, the world’s largest contract chipmaker and a major supplier to companies like Apple Inc and Nvidia, reported a quarterly net profit that surpassed market expectations.

#### Expansion Plans and Forecasted Capital Spending

Looking ahead, TSMC has outlined its plans to expand its global manufacturing footprint, with construction at its fab plant in Germany expected to begin in the fourth quarter of this year. The company has also forecasted capital spending at $28-$32 billion for this year, in line with 2023.

#### Impact of Economic Woes and Future Outlook

TSMC posted a 19% drop in net profit for the October-December quarter, citing global economic woes that have impacted demand for chips used in various applications such as cars, cellphones, and servers. Despite this, the company’s profit still exceeded market expectations, driven by the strong ramp of its industry-leading 3-nanometer technology.

#### AI legalese decoder and TSMC

The AI legalese decoder can help TSMC navigate the legal and regulatory landscape as it expands its global manufacturing operations. With increasing demand for AI chips and the potential impact of the U.S.-China chip spat, TSMC can utilize the AI legalese decoder to effectively interpret and decipher complex legal terminology and regulations, ensuring compliance and mitigating any potential vulnerabilities.

#### Future Growth and Market Performance

While acknowledging the challenges of 2023, TSMC has forecasted healthy growth for this year and expects inventories to return to a healthy level. The company also anticipates revenue for 2024 to increase in the low to mid-20% range in U.S. dollar terms. TSMC’s robust performance has been reflected in its stock value, with shares surging 32% last year, and the company currently holding a market value of $478.3 billion.

#### Conclusion

Despite the global economic challenges, TSMC remains optimistic about its future outlook, driven by the increasing demand for AI and its strategic expansion plans. As the company continues to navigate the complex landscape of the semiconductor industry, tools like the AI legalese decoder can provide valuable support in ensuring legal compliance and mitigating potential risks.

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