Taiwanese chipmaker enjoyed a record net profit of $9.72 billion for the October-December quarter

Lacklustre profit estimate by the world's top maker of memory chips, plus smartphones and TVs, is a warning signal for other big tech firms' results

The Taiwanese firm said resumption of production at its Zhengzhou plant had seen a gradual recovery which has contributed to "double-digit growth"

"The fruit of economic achievements will be shared by all citizens, from young to old," Premier Su Tseng-chang said

A dominant player in the global chip industry, the country hopes the incentives would help it cement the security of its supply-chain security while boosting the economy

Washington, Brussels and London have all blocked China’s access to advanced Western-made computer chips

Demand for TSMC's 3-nanometre chip is "very strong", driven by new technologies including 5G and high-performance computing products, TSMC Chairman Mark Liu said

Samsung's persistence with investment plans could help it take market share in memory chips and support its share price when demand recovers

Taiwan assessed China had staged the military "provocation" to express anger at a new US defence authorisation law

The Taiwanese company is already building a $8.6 billion chip facility in the country as part of efforts to diversify its production base

The new plant in Dresden – TSMC's first in Europe – will capitalise on booming demand from Germany's car sector, Nikkei said

Huawei has been unable to acquire new integrated circuits after US trade sanctions cut-off its access to chips produced using US technology anywhere in the world