Aggregate net profit up last year - Taipei Times

UNSURPRISING LEADER:

TSMC led in both net profit and revenue this year, followed by other big names in the Taiwanese sphere of tech as well as finance

Staff writer, with CNA

Taiwan’s 5,000 largest companies posted a record high in aggregate net profit last year, up more than 11 percent from a year earlier, with contract chipmaker Taiwan Semiconductor Manufacturing Co (TSMC, 台積電) holding on as the country’s most profitable company amid the artificial intelligence (AI) boom, credit information agency CRIF Taiwan (中華徵信所) said on Wednesday.Strong global demand for AI applications continued to benefit Taiwan’s top 5,000 enterprises last year, CRIF said in a report. Their combined net profit totaled NT$5.77 trillion (US$181.1 billion), up 11.01 percent from a year earlier, while aggregate revenue hit a record high of NT$48.50 trillion, up 10.98 percent, CRIF said.

A smartphone displays Taiwan Semiconductor Manufacturing Co’s logo at the Taiwan Stock Exchange in Taipei on Wednesday last week.