Taiwan computer chip maker TSMC has reported its profit in the last quarter rose 57%, buoyed by the artificial intelligence boom.

This marks a significant shift from past policies designed to safeguard Taiwan's leadership in semiconductor manufacturing. For years, Taiwanese chipmakers faced strict limits on the types

The Taiwanese government has lifted restrictions that limited domestic chip manufacturers such as TSMC from producing 2nm chips in foreign fabs. According to a report from Taipei Times, the minister of economic affairs J.W. Kuo told reporters in Taiwan that “those were old rules” and “times have changed.”

Taiwan Semiconductor Manufacturing Co reported a 57% leap in fourth-quarter profit on Thursday as demand surges for advanced chips used in artificial intelligence processing. The world's largest contract chipmaker,