[Invostock.com] According to Reuters, Taipai Strong sales of advanced chips helped Taiwanese chipmaker TSMC (2330.TW) defy a broader industry downturn that battered cheaper commodity chips, resulting in a 78% increase in net profit for the fourth quarter on Thursday, setting yet another quarterly record.

Net income for the three months ending in December rose to a record T$295.9 billion ($9.72 billion) for Taiwan Semiconductor Manufacturing Co Ltd (TSMC), which is the world's largest contract chipmaker and a major Apple Inc (AAPL.O) supplier.
This can significantly impact Indian markets and supply of semiconductors in the ecosystem. Stocks like Tata Motor, Maruti, Bajaj Auto can massively benefit from the development.

The worldwide shortage of chips caused by the proliferation of smartphones and laptops in the face of the pandemic has been beneficial to TSMC's bottom line. Analysts have speculated that the company's full order book is due to its continued dominance in producing some of the world's most advanced chips, even though the shortage has subsided.